Retirement Villages Act 2003

Registration, occupation right agreements, and related requirements and rules - Statutory supervisor to be asked to act as representative

24: Receiver, liquidator, and statutory manager must ask statutory supervisor to represent residents

You could also call this:

"Managers of retirement villages must ask for help to protect residents' interests"

Illustration for Retirement Villages Act 2003

If someone is appointed to manage a retirement village's property, they must ask the statutory supervisor to help residents. The statutory supervisor will represent the residents in talks about protecting their interests. You can think of the statutory supervisor as someone who looks out for the residents' wellbeing.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM220858.

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"What happens when a retirement village loses its registration"


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Part 2Registration, occupation right agreements, and related requirements and rules
Statutory supervisor to be asked to act as representative

24Receiver, liquidator, and statutory manager must ask statutory supervisor to represent residents

  1. If a receiver is appointed in respect of property of an operator that includes a retirement village or a liquidator or statutory manager is appointed for an operator, the receiver or liquidator or statutory manager must ask the statutory supervisor of the retirement village (if there is one) to represent the interests of residents in negotiations with the receiver or liquidator or statutory manager concerning the protection of the residents' interests.