New Zealand Legislation: Acts
Acts are laws made by Parliament
The purpose of this Act is—
(a) to protect the interests of residents and intending residents of retirement villages:
(b) to enable the development of retirement villages under a legal framework readily understandable by residents, intending residents, and operators:
(c) for the purposes in paragraphs (a) and (b),—
(i) to promote understanding of the financial and occupancy interests of residents and intending residents of retirement villages:
(ii) to provide an industry-focused regulatory and monitoring regime for retirement villages in which compliance costs are minimised:
(iii) to provide external oversight of the conditions of entry into, and the continuing operations of, retirement villages:
(iv) to introduce requirements and procedures necessary to give effect to the regulatory and monitoring regime referred to in subparagraph (ii):
(v) to provide an environment of security and protection of rights for residents of retirement villages:
(vi) to confer on the Registrar of Retirement Villages and the Retirement Commissioner powers, functions, and duties relating to this Act.