Queensland Consolidated Acts Queensland Consolidated Acts(1) A resident may terminate the resident's right to reside in a retirement village by 1 month's written notice given to the scheme operator.
(2) Also, a resident may terminate the resident's right to reside in a retirement village by written notice given to the scheme operator if the retirement village scheme is not registered.
(3) A notice under subsection (2) must--
(a) be given within 14 days after the resident becomes aware the retirement village scheme is not registered; and
(b) state the day, no earlier than the day on which notice is given, on which the termination takes effect.
(4) If a resident terminates the resident's right to reside in a retirement village under subsection (2), the scheme operator must refund the full amount of the resident's ingoing contribution to the resident within 30 days of the termination.
Maximum penalty--540 penalty units.
(5) A resident may recover an amount owing under subsection (4) as a debt owed by the scheme operator.