RETIREMENT VILLAGES ACT 1986 - SECT 8 Residence right not to be created unless retirement village notice is lodged
RETIREMENT VILLAGES ACT 1986 - SECT 8
Residence right not to be created unless retirement village notice is lodged(1) A person who after the commencement of this section—
(a) enters into a contract; or
(b) invites other persons to make applications, offers or proposals to enter into a contract—
which has or would have the effect of creating or giving rise to a residence right in a retirement village in respect of which a retirement village notice has not been lodged under section 9 is guilty of an offence.
Penalty: 200 penalty units.
(2) A person who is a resident and has entered into a contract in respect of which there has been a contravention of subsection (1) may rescind the contract.