Queensland Numbered Acts

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RETIREMENT VILLAGES AMENDMENT ACT 2006 No. 6 - SECT 46

46 Replacement of s 106 (Increasing general services charges)

Section 106--

omit, insert--

'(1) A scheme operator must not increase the total of general services charges for a retirement village for a financial year by more than the CPI percentage increase for the financial year.

Maximum penalty--200 penalty units.

'(2) In this section--

CPI means the all groups consumer price index for Brisbane published by the Australian statistician.

CPI percentage increase, for a financial year, means the percentage increase between--

(a) the CPI published for the quarter ending immediately before the start of the financial year; and
(b) the CPI published for the quarter ending immediately before the end of the financial year.

total of general services charges, for a financial year, means the sum of all charges for general services for the financial year, other than the following charges--

(a) a charge for a general service that has been increased by more than the CPI percentage increase for the financial year and that the retirement village residents, by special resolution at a residents meeting, have approved;
(b) a charge for a general service that has been increased by more than the CPI percentage increase for the financial year and that is allowed under section 107.'.


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