Australian Capital Territory Numbered Acts

RETIREMENT VILLAGES ACT 2012 (NO. 38 OF 2012) - SECT 125

    (1)     The director-general may apply to the Supreme Court for an order appointing a stated person as an administrator in relation to the operator of a retirement village—

        (a)     to exercise all the functions of the operator; or

        (b)     to exercise stated functions of the operator; or

        (c)     to exercise all the functions other than stated functions of the operator.

    (2)     The director-general may apply for an order only if—

        (a)     the director-general reasonably believes that the well-being or financial security of the residents of the village has been, or is likely to be, seriously affected by the continued operation of the village by the operator; or

        (b)     the director-general reasonably believes that the operator is wilfully and repeatedly acting in contravention of an order made by the ACAT or a court in relation to the village; or

        (c)     the village is the subject of an existing order under this section.

    (3)     For the purpose of determining whether an application for an order should be made, the director-general may appoint a person to inquire into, and report to the director-general on, the well-being and financial security of the residents of the village.

    (4)     More than 1 order may be made under this division in relation to the same village.