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Retirement Villages Amendment Act 2018 NSW – Schedule 1 [10], [17]-[20] commenced

11 February 2019 by By Lawyers

Commencing 11 February 2019, the Retirement Villages Amendment Act 2018 introduces rules of conduct for operators (Schedule 1 [10]), provides for the sharing of village information and allows for mediation of disputes (Schedule 1[17]-[20]).

Yet to commence are provisions implementing village contract information meetings, asset management plans, the annual auditing of village accounts and the provision of quarterly accounts to the Residents Committee. The commentary will be updated when the main provisions commence.

Filed Under: Conveyancing and Property, New South Wales Tagged With: amendments, asset management, auditing, conduct, NSW, operators, quarterly accounts, retirement villages, village contract information meetings

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