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Retirement Villages Act 2003

Registration, occupation right agreements, and related requirements and rules - Registration of retirement villages

17: Operator to notify change of circumstances and documentation

You could also call this:

"Operators must tell authorities about big changes to village documents or information"

Illustration for Retirement Villages Act 2003

If you are the operator of a registered retirement village, you must tell the Registrar and the statutory supervisor about certain changes. You need to notify them of any big changes to important documents before you share them with residents or the public. You also need to tell them about any changes to the information in these documents, or if something happens that makes the documents misleading. You must also inform them if there is a change in the operator of the village, the people in control of the operator, or the operator's name or address. If you tell the Registrar about a change, they can update the documents, add a new one, or ask you to lodge a new document as stated in section 10(2). In some cases, they might suspend the village's registration as stated in section 18(1).

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM220846.

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"Telling the Registrar your village documents are correct and honest"

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18: Suspension of registration, or

"The Registrar can stop a retirement village's registration if it's not following the rules."

Part 2Registration, occupation right agreements, and related requirements and rules
Registration of retirement villages

17Operator to notify change of circumstances and documentation

  1. The operator of a registered retirement village must, in the prescribed form (if any), notify the Registrar and the statutory supervisor of the village (if there is one) of—

  2. any material change to any of the registered documents before that document or changed document is published or made available to any resident, any intending resident, or the public; and
    1. any material change to the information contained in any registered document; and
      1. any change of circumstances that makes any registered document likely to be misleading or deceptive to any resident, any intending resident, or the public; and
        1. any change—
          1. of any operator of the retirement village (whether as a result of the sale or other disposal of the retirement village or otherwise); or
            1. of the controlling interests in any operator of the retirement village (whether as a result of the sale of shares in the operator or otherwise); or
              1. to the name or address of any operator of the retirement village.

              2. Nothing in subsection (1) prevents an operator of a retirement village from—

              3. notifying the Registrar of any change to a registered document or to the information in a registered document that is not required to be notified under subsection (1):
                1. complying with subsection (1)(a) or (b) or (d) by lodging with the Registrar an amended or new document in place of a registered document together with the appropriate prescribed form (if any).

                  1. If notice is given to the Registrar under subsection (1) or subsection (2)(a), the Registrar may—

                  2. amend the registered document accordingly or add the document to the register; or
                    1. require a new document to be lodged under section 10(2); or
                      1. if section 18(1) applies, suspend registration of the retirement village under that provision.