South Australian Consolidated Acts South Australian Consolidated Acts24—Meeting with new administering authority
(1) It will be a term
of every agreement that will result in a change in the administering authority
of a retirement village (including a change by virtue of the sale of an
interest in the land within the village) that, before the change is effected,
the person who is to be the new administering authority will convene a meeting
of residents under this section at which the person (or his or her
representative) will—
(a)
present a report on any changes that are proposed for the retirement village
(including any proposal to change a charge, fee or levy payable by residents),
and his or her plans for the future management and operation of the
retirement village; and
(b)
answer any reasonable question put by a resident.
(2) A meeting will be
convened by sending to each resident, at least 14 days before the date of the
meeting, a written notice setting out—
(a) the
time and place of the meeting; and
(b) the
reason for the meeting.
(3) If a change in an
administering authority of a retirement village is effected by an agreement
without compliance with the term referred to in subsection (1), the
person who is the new administering authority is guilty of an offence.
Maximum penalty: $10 000.