Victorian Consolidated Legislation

Retirement Villages Act 1986 - SECT 17

PART 4 DEALINGS

Certain persons not to be involved in management of retirement villages

17. Certain persons not to be involved in management of retirement villages



(1) A person who is an insolvent under administration must not be involved in
the promotion or sale of residence rights or be in any way (whether directly
or indirectly) concerned in, or take part in, the management of a retirement
village.

Penalty: 50 penalty units.

(2) A person who, whether before or after the commencement of this section,
has been convicted, within or outside Victoria, of an offence involving fraud
or dishonesty punishable on conviction by imprisonment for a period of not
less than 3 months must not within a period of 5 years after being convicted
or if the person was sentenced to imprisonment after the expiration of the
sentence, be involved in the promotion or sale of residence rights, or be in
any way (whether directly or indirectly) concerned in, or take part in, the
management of a retirement village.

Penalty: 50 penalty units.

* * * * *