• Specific Year
    Any

RETIREMENT VILLAGES ACT 1999 - SECT 88 Persons prohibited from operating a retirement village scheme etc.

RETIREMENT VILLAGES ACT 1999 - SECT 88

Persons prohibited from operating a retirement village scheme etc.

88 Persons prohibited from operating a retirement village scheme etc.

(1) A person who is an insolvent under administration must not—
(a) be a scheme operator; or
(b) promote a retirement village scheme; or
(c) sell rights to reside in a retirement village; or
(d) be concerned, directly or indirectly, in managing a retirement village.
Penalty—
Maximum penalty—100 penalty units.
(2) A person who has a relevant conviction must not—
(a) be a scheme operator; or
(b) promote a retirement village scheme; or
(c) sell rights to reside in a retirement village; or
(d) be concerned, directly or indirectly, in managing a retirement village.
Penalty—
Maximum penalty—100 penalty units.
(3) Subsections (1) (b) or (c) and (2) (b) or (c) do not apply to a person who is a resident or a former resident of a retirement village, or who acts for the resident or former resident, who does something mentioned in the subsections only to terminate the resident’s or former resident’s right to reside in an accommodation unit in the retirement village.