How to register a retirement village
The Retirement Villages Act 2003 introduced new rights and protections for residents, and intending residents, of retirement villages. The Act also introduced new responsibilities for operators of retirement villages so that residents have a clear understanding of the financial and other obligations of being a resident, and to ensure residents receive what they were promised or are entitled to.
The Retirement Villages Act 2003 replaced existing obligations under the Securities Act 1978 covering many villages and introduces a new range of responsibilities for villages which were not previously subject to the Securities Act. Retirement villages are also obliged to comply with the requirements of the Financial Reporting Act 1993. The new regime ensures consistent regulatory requirements for all retirement villages.
Further information
What is a retirement village?
Find out what the features of a retirement village are under the Retirement Villages Act 2003.
How do you calculate the registration fees
The correct registration fee must be paid when you submit your application for registration of retirement village. Use this checklist to determine the amount payable.
Statutory supervisors
The Retirement Villages Act 2003 requires the operator of a retirement villages to appoint a statutory supervisor.
Where residential units are located apart from village facilities
Can a number of different sites be amalgamated together and termed a single village?
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