Retirement Villages (General) Regulations 2006

Reprint as at 1 January 2018

Coat of Arms of New Zealand

Retirement Villages (General) Regulations 2006

(SR 2006/298)

Anand Satyanand, Governor-General

Order in Council

At Wellington this 25th day of September 2006

Present:
His Excellency the Governor-General in Council

Note

Changes authorised by subpart 2 of Part 2 of the Legislation Act 2012 have been made in this official reprint.

Note 4 at the end of this reprint provides a list of the amendments incorporated.

These regulations are administered by the Ministry of Business, Innovation, and Employment.

Pursuant to sections 101 and 104 of the Retirement Villages Act 2003, His Excellency the Governor-General, acting on the advice and with the consent of the Executive Council, makes the following regulations.

Contents

1Title
2Commencement
3Interpretation
3AProvisions affecting application of amendments to these regulations
4Forms to be given to Registrar
5Period for certifying registered documents
6Provisions that must be in occupation right agreements
7General provisions
8Operator’s obligation to run village properly
9Operator’s obligation to provide financial statements
10Operator’s obligations relating to residents’ meetings
11Operator’s obligation to find new resident for unit vacated
12Procedure if there ceases to be statutory supervisor
13Certificate of lawyer’s advice on occupation right agreement
14Ownership structure and occupancy rights
15Resident’s interest in residential unit
16Management arrangements for retirement village
17Statutory supervisor
18State of retirement village
19Services and facilities at retirement village
20Charges
21Maintenance and refurbishment
22Financial accounts for retirement village
23Cooling-off period and cancellation of occupation right agreement
24Varying occupation right agreement
25Termination of occupation right agreement
26Deductions from payments by and to residents
27Estimated financial return on disposal of residential unit
28Exemption from requirement to comply with code of practice
29Formal matters
30Responsibilities for insurance
31Moving into rest home or hospital care institution in retirement village
32Effect of marriage, etc, on occupation right agreement
33Financial assistance
34Basis for working out prospective financial information
35Details relating to certain security interests
36No statement about entry into occupation right agreement being safe or free from risk
37Documents to be made available
38Presentation of disclosure statements and documents
39Statements about operator’s assets
40Statements about capital
41Statements about security of right to occupy unit in retirement village
42Statements about entry into occupation right agreement being safe or free from risk
43Prospective financial information
44Rate of interest payable if occupation right agreement avoided
45Information to be contained in deed
46Provisions mainly about statutory supervisor
47Provisions containing statutory powers and duties
48Provisions acknowledging other duties of operator
49Provisions imposing requirements on operator
50Provisions limiting operator’s dealings
51Provisions requiring statutory supervisor’s consent to activities
52Provisions for statutory supervisor’s stakeholder role
53Provisions about communications with residents
54Provisions about supervising termination of occupation right agreements
55Criteria for exemption from having to appoint statutory supervisor
56Extra duties of statutory supervisors
57Application, savings, and transitional provisions relating to amendments made to regulations after 1 January 2014
Gazette Information
Reprint notes