Australian Capital Territory Numbered Acts

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RETIREMENT VILLAGES ACT 2012 (NO. 38 OF 2012) - SECT 69

Provision for payment of ingoing contributions

A village contract that provides for the payment of an ingoing contribution may also provide—

        (a)     that the contribution must be paid by instalments at the intervals stated in the contract; and

        (b)     if the contribution must be paid by instalments—for interest on the unpaid portion of the contribution to be payable, worked out as prescribed by regulation.



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