(1) A person may apply to the chief executive to register a retirement village
scheme.
Note—
See part 15 for transitional and savings provisions about
existing retirement village schemes.
(2) The application must be in the
approved form and accompanied by—
(a) particulars of the following—
(i)
the land on which the retirement village’s buildings and facilities are, or
are to be, constructed;
(ii) the accommodation units and communal facilities
the scheme operator undertakes are, or are to be, available for the village
when the scheme is registered;
(iii) the accommodation units and communal
facilities the scheme operator intends to make available for the village after
the scheme is registered, depending on the sales activity, finance
availability, or market conditions, for the village;
(iv) the terms under
which persons are, or are to be, invited to enter into the scheme under the
residence contracts for the retirement village;
(v) other particulars of the
scheme prescribed under a regulation; and
(b) a copy of the village
comparison document for the scheme; and
(c) the application fee prescribed
under a regulation; and
(d) if, before or when the application is made, the
chief executive requires the payment of costs under section 88AA (1) —the
amount of the costs required to be paid.
(3) A requirement mentioned in
subsection (2) (d) is sufficiently made of the applicant if it is made
generally of applicants in the approved form or notified on the department’s
website.
