Australian Capital Territory Numbered Regulations

RETIREMENT VILLAGES REGULATION 2013 (NO 5 OF 2013) - REG 40

The operator of a retirement village may carry forward a deficit to a later financial year to the extent that the deficit is caused by—

        (a)     the urgent repair (but not replacement) of a capital item; or

Note     Urgent —see the Act

, s 136.

        (b)     an increase in the cost of the following:

              (i)     utilities (other than telephone);

              (ii)     statutory charges, including rates and taxes;

              (iii)     wages and salaries increased under an award or industrial agreement, or a fair work instrument made under the Fair Work Act 2009

(Cwlth);

              (iv)     workers compensation and public liability insurance.

Part 7     Disputes

Division 7.1     Dispute resolution