Australian Capital Territory Numbered Regulations

RETIREMENT VILLAGES REGULATION 2013 (NO 5 OF 2013) - REG 31

A notice of amendment of recurrent charges given under the Act

, section 150 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 (otherwise than in accordance with a fixed formula). The increase in those charges does not exceed the increase in the Consumer Price Index ( CPI ) since those charges were last increased. ';

        (c)     the following statements:

              (i)     you do not need to consent to this amendment as it does not exceed the increase in the CPI;

              (ii)     you are not required to pay any increase in your recurrent charges unless this notice complies with the requirements of the Retirement Villages Act 2012

, section 150 (Recurrent charges amended otherwise than by a fixed formula—not exceeding variation in CPI);

              (iii)     any increase in recurrent charges does not take effect until at least 14 days after you receive this notice;

              (iv)     this notice may be cancelled by a later notice and the later notice may provide for a lesser increase than any increase stated in this notice;

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