Australian Capital Territory Numbered Acts

RETIREMENT VILLAGES ACT 2012 (NO. 38 OF 2012) - SECT 156

    (1)     A person commits an offence if the person—

        (a)     receives a payment for recurrent charges owing under a resident's village contract; and

        (b)     fails to give a receipt for the payment to the person entitled to it—

              (i)     if the payment was made in person—at the time the payment is made; or

              (ii)     if the payment was not made in person—as soon as practicable after the payment is made.

Maximum penalty: 5 penalty units.

    (2)     An offence against this section is a strict liability offence.

    (3)     A receipt for the payment of recurrent charges must include the following:

        (a)     the name of the operator of the retirement village;

        (b)     the name of the resident paying the recurrent charges;

        (c)     the resident's address at the village;

        (d)     the period for which the recurrent charge is paid;

        (e)     the day the payment is received;

        (f)     the amount of the payment.

    (4)     This section does not apply to recurrent charges paid by agreement between the resident and the operator into an account at an authorised deposit-taking institution nominated by the operator.