Australian Capital Territory Numbered Regulations

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RETIREMENT VILLAGES REGULATION 2013 (NO 5 OF 2013) - REG 30

Notice of fixed formula amendment—Act, s 149 (2) (c)

A notice of amendment of recurrent charges must include the following:

        (a)     the name of the resident and address of the residential premises affected;

        (b)     the following statement as the first line of the notice in at least Arial bold font not less than 14 point:

This is a notice of an amendment of recurrent charges according to a fixed formula. ';

        (c)     the fixed formula stated in the contract and a demonstration, by an application of the formula, of the way the new recurrent charges have been calculated;

        (d)     the signature of the operator of the retirement village and the date of the signature.



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