South Australian Consolidated Regulations South Australian Consolidated Regulations (1) For the purposes
of section 22(6)(a)(iv) of the Act, the following information is required to
accompany a notice convening an annual meeting for a retirement village:
(a) a
statement of the proportion (if any) of premiums received during the previous
financial year used, or to be used, for purposes similar to those for which
recurrent charges are used;
(b) a
statement of the amount of money received from residents and held in reserve
for the establishment, or maintenance, refurbishment or replacement, of
facilities at the retirement village, stating the payments made from those
reserves during the previous financial year;
(c) a
statement of the amount of any expenditure during the previous financial year
for which residents were, or will be, liable, being expenditure not otherwise
accounted for under this regulation or section 22(6) of the Act.
(2) The administering
authority of a retirement village must, within 14 days after the holding of an
annual meeting under section 22 of the Act, provide a copy of the minutes of
the meeting to each residence in the retirement village.