Queensland Consolidated Acts

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RETIREMENT VILLAGES ACT 1999 - SECT 66

66 Accepting offers at less than agreed resale value

(1) If a scheme operator accepts an offer for a right to reside less than the agreed value for the right, the former resident's exit entitlement is to be worked out as if the right to reside was sold at the agreed value.

(2) If a former resident accepts an offer for a right to reside less than the agreed value, the former resident's exit entitlement is to be worked out on the amount of the offer.



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