Queensland Consolidated Acts Queensland Consolidated ActsA retirement village scheme is a scheme under which a person--
(a) enters into a residence contract; and
(b) in consideration for paying an ingoing contribution under the residence contract, acquires personally or for someone else, a right to reside in a retirement village, however the right accrues; and
(c) on payment of the relevant charge, acquires personally or for someone else, a right to receive 1 or more services in relation to the retirement village.