Retirement Villages Act 2003

If you need more information about this Act, please contact the administering agency: Ministry of Housing and Urban Development
39 Registrar’s consent required for termination or non-renewal of appointment


The Registrar must consent in writing before the operator or the statutory supervisor—


terminates the appointment of the statutory supervisor; or


elects not to renew the appointment.


In the case of termination or election not to renew by the statutory supervisor, the Registrar’s consent is not necessary if the statutory supervisor has given the operator 1 year’s notice.


This section does not apply to the termination of the appointment of a statutory supervisor by the operator under section 23 or 38 of the Financial Markets Supervisors Act 2011.

Section 39(3): added, on 1 October 2011, by section 66 of the Securities Trustees and Statutory Supervisors Act 2011 (2011 No 10).

Section 39(3): amended, on 1 December 2014, by section 150 of the Financial Markets (Repeals and Amendments) Act 2013 (2013 No 70).