New Zealand Legislation: Acts

17 Operator to notify change of circumstances and documentation

• (1) The operator of a registered retirement village must, in the prescribed form (if any), notify the Registrar and the statutory supervisor of the village (if there is one) of—

  • (a) any material change to any of the registered documents before that document or changed document is published or made available to any resident, any intending resident, or the public; and

  • (b) any material change to the information contained in any registered document; and

  • (c) any change of circumstances that makes any registered document likely to be misleading or deceptive to any resident, any intending resident, or the public; and

  • (d) any change—

    • (i) of any operator of the retirement village (whether as a result of the sale or other disposal of the retirement village or otherwise); or

    • (ii) of the controlling interests in any operator of the retirement village (whether as a result of the sale of shares in the operator or otherwise); or

    • (iii) to the name or address of any operator of the retirement village.

  (2) Nothing in subsection (1) prevents an operator of a retirement village from—

  • (a) notifying the Registrar of any change to a registered document or to the information in a registered document that is not required to be notified under subsection (1):

  • (b) complying with subsection (1)(a) or (b) or (d) by lodging with the Registrar an amended or new document in place of a registered document together with the appropriate prescribed form (if any).

  (3) If notice is given to the Registrar under subsection (1) or subsection (2)(a), the Registrar may—

  • (a) amend the registered document accordingly or add the document to the register; or

  • (b) require a new document to be lodged under section 10(2); or

  • (c) if section 18(1) applies, suspend registration of the retirement village under that provision.