Australian Capital Territory Numbered Acts

RETIREMENT VILLAGES ACT 2012 (NO. 38 OF 2012) - SECT 247

For an order under this part, interests in the land the subject of the order must be satisfied in the following order:

        (a)     the costs of the sale of the land and the applicant's costs in seeking the order;

        (b)     any interest, mortgage, lien or other charge on or over the land created or registered before the creation of a charge under this part, or otherwise taking priority over a charge over the land that has been created under this part;

        (c)     the entitlements of residents and former occupants of the retirement village arising from village contracts in relation to which a charge over the land has been created under this part;

        (d)     any interest, mortgage, lien or other charge on or over the land created or registered after the creation of a charge over the land under this part;

        (e)     the interest of the registered proprietor of the land immediately before the sale of the land.