(a) classify how a particular item of
expenditure must be dealt with; and
(b) provide that scheme operators must
classify how other items of expenditure must be dealt with.
(3) A scheme
operator must comply with the model classification rules in dealing with items
of expenditure.
(4) If the model classification rules provide that scheme
operators must classify how other items of expenditure must be dealt with,
each scheme operator must give the residents of the retirement village written
notice of the scheme operator’s classification of the items of expenditure
by—
(a) giving the notice to the residents committee; or
(b) if there is no
residents committee—putting the notice in a place in the retirement village
where it is likely to be seen by most of the residents of the village.
(5)
For this section, an item of expenditure is dealt with if it is—
