Australian Capital Territory Numbered Acts Australian Capital Territory Numbered Acts(1) This part applies to a village contract if—
(a) a resident (other than a registered interest holder) has paid an ingoing contribution under the contract that includes a provision that entitles the resident to a refund of the whole, or any part, of the ingoing contribution; and
(b) the refund is more than the amount prescribed by regulation.
(2) However, this part does not apply to a village contract in relation to residential premises in a retirement village that gives rise to a residence right of a registered interest holder.