This note is not part of the regulations, but is intended to indicate their general effect.
These regulations, which come into force on 1 April 2014, amend provisions of the Retirement Villages (General) Regulations 2006 (the principal regulations) dealing with the preparation, auditing, and provision of financial statements for retirement villages and village operators. The amendments are consequential on amendments to the Retirement Villages Act 2003 that come into force on 1 April 2014 and provide for financial reporting requirements for retirement villages in line with the core financial reporting principles and definitions in the Financial Reporting Act 2013.
Date of notification in Gazette: 27 February 2014.
These regulations are administered by the Ministry of Business, Innovation, and Employment.