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RETIREMENT VILLAGES ACT 1999 - SECT 3 Objects

RETIREMENT VILLAGES ACT 1999 - SECT 3

Objects

3 Objects

(1) The main objects of this Act are—
(a) to promote consumer protection and fair trading practices in operating retirement villages and in supplying services to residents by—
(i) declaring particular rights and obligations of residents and scheme operators; and
(ii) facilitating the disclosure of information to prospective residents of a retirement village to ensure the rights and obligations of the residents and scheme operator may be easily understood; and
(b) to encourage the continued growth and viability of the retirement village industry in the State.
(2) The following are also objects of this Act—
(a) to maintain public confidence in the retirement village industry by enhancing—
(i) the financial transparency of the operations of retirement villages; and
(ii) the accountability of scheme operators;
(b) to encourage the adoption of best practice standards by the retirement village industry;
(c) to provide a clear regulatory framework to ensure certainty for the retirement village industry in planning for future expansion;
(d) to facilitate participation by residents, who want to be involved, in the affairs of retirement villages;
(e) to provide for processes for resolving disputes between residents and scheme operators.