Retirement Villages Act 2003

If you need more information about this Act, please contact the administering agency: Ministry of Housing and Urban Development
42 Duties of statutory supervisor

A statutory supervisor must—

(a)

provide a stakeholder facility (for example, under section 29(1)) for intending residents and residents who pay deposits or progress payments in respect of occupation right agreements or uncompleted residential units or facilities at the retirement village; and

(b)

monitor the financial position of the retirement village; and

(c)

report annually to the Registrar and residents on the performance of its duties and the exercise of its powers; and

(d)

perform any other duties that are imposed by this Act or any other Act, any regulations made under this Act, and any documents of appointment.