RETIREMENT VILLAGES ACT 1999 - SECT 45A Scheme operator to give notice of end of cooling-off period in particular circumstances

RETIREMENT VILLAGES ACT 1999 - SECT 45A

45A Scheme operator to give notice of end of cooling-off period in particular circumstances

(1) This section applies if the cooling-off period for a residence contract starts on the day a later event happens or another contract is entered into.

(2) The scheme operator must, as soon as practicable after the later event happens or the other contract is entered into, give the resident written notice of—

(a) the date the later event happens or the other contract is entered into; and

(b) the date the cooling-off period ends.

Penalty—

Maximum penalty—100 penalty units.