RETIREMENT VILLAGES ACT 1986 - SECT 13 Residence right

RETIREMENT VILLAGES ACT 1986 - SECT 13

    (1)     A person who (whether the owner of retirement village land or not) enters into a contract with a resident which—

        (a)     purports to create or give rise to a residence right; and

        (b)     is not entered into by all the owners for the time being of the retirement village land to which the residence right relates—

is guilty of an offence.

Penalty:     200 penalty units.

    (2)     A resident who has entered into a contract in respect of which there has been a contravention of subsection (1) may rescind the contract.

    (3)     This section does not apply to a contract entered into before the commencement of this section.