(1) The operator of a retirement village must lodge a notice with the registrar-general for registration under the Land Titles Act 1925 that the land consisting of the retirement village (or land that is part of the retirement village) is used as a retirement village.
Maximum penalty: 50 penalty units.
Note The registrar-general must register an instrument lodged in registrable form (see Land Titles Act 1925 , s 48 (1)).
(2) An offence against subsection (1) is a strict liability offence.
(3) A notice under subsection (1) must be lodged with the registrar-general before entering into a residence contract in relation to residential premises on the land.
(4) The operator must lodge with the registrar-general a new notice under this section if any of the information in a notice registered under the Land Titles Act 1925 in relation to the retirement village is no longer accurate.
(5) Nothing in this section requires the operator to lodge a notice with the registrar-general before entering into a residence contract in relation to residential premises on land that is already the subject of a notice under this section.
Note 1 If a form is approved under the Land Titles Act 1925 , s 140 for this provision, the form must be used.
Note 2 A fee may be determined under the Land Titles Act 1925 , s 139 for this provision.