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Retirement Villages Act 2003

Preliminary provisions

3: Purpose

You could also call this:

"Protecting Your Rights in a Retirement Village"

Illustration for Retirement Villages Act 2003

The purpose of the Retirement Villages Act 2003 is to protect your interests if you live in a retirement village. You are protected as a resident or if you want to live in a retirement village. The Act helps you understand your financial and living arrangements. The Act also helps retirement villages follow the rules and be monitored. This means the villages are checked to make sure they are doing the right thing. You have rights and are protected if you live in a retirement village. The Act gives certain people, like the Registrar of Retirement Villages and the Retirement Commissioner, jobs to do to make sure the Act works. They help make sure retirement villages follow the rules and residents are protected. This helps keep you safe and secure if you live in a retirement village.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM220371.

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2: Commencement, or

"When the Retirement Villages Act 2003 started"

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3A: Transitional, savings, and related provisions, or

"Rules to help change to the new law"

Part 1Preliminary provisions

3Purpose

  1. The purpose of this Act is—

  2. to protect the interests of residents and intending residents of retirement villages:
    1. to enable the development of retirement villages under a legal framework readily understandable by residents, intending residents, and operators:
      1. for the purposes in paragraphs (a) and (b),—
        1. to promote understanding of the financial and occupancy interests of residents and intending residents of retirement villages:
          1. to provide an industry-focused regulatory and monitoring regime for retirement villages in which compliance costs are minimised:
            1. to provide external oversight of the conditions of entry into, and the continuing operations of, retirement villages:
              1. to introduce requirements and procedures necessary to give effect to the regulatory and monitoring regime referred to in subparagraph (ii):
                1. to provide an environment of security and protection of rights for residents of retirement villages:
                  1. to confer on the Registrar of Retirement Villages and the Retirement Commissioner powers, functions, and duties relating to this Act.