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Retirement Villages Act 2003

Retirement Commissioner and statutory supervisors - Statutory supervisors

41: Exemption from requirement for statutory supervisor

You could also call this:

"Some villages don't need a statutory supervisor if they meet certain conditions."

Illustration for Retirement Villages Act 2003

You can be exempt from having a statutory supervisor if the Registrar is satisfied with your application. The Registrar looks at the criteria set out in section 104 to decide. You apply by filling out a form and paying a fee. You might get exempt for a certain time and with certain conditions. The Registrar can change or cancel the exemption if things change. This happens if the reason for the exemption is no longer valid or you do not follow the conditions. The Registrar will tell you as soon as possible if your exemption is changed or cancelled. They make this decision based on their own judgement. You will know what is happening with your exemption because the Registrar gives you notice.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM220887.

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"Retirement village operators can't protect supervisors from blame for wrongdoing"

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Part 3Retirement Commissioner and statutory supervisors
Statutory supervisors

41Exemption from requirement for statutory supervisor

  1. The Registrar may exempt an operator from appointing a statutory supervisor if the Registrar is satisfied that the criteria for exemption prescribed under section 104 are met.

  2. An operator applies to the Registrar for an exemption by—

  3. completing the prescribed form and delivering it to the Registrar; and
    1. paying the prescribed fee.

      1. The Registrar may exempt the operator on the terms and conditions, and for the period, that the Registrar thinks appropriate.

      2. The Registrar may revoke an exemption, or vary its terms or conditions, if the Registrar is satisfied that—

      3. the ground for the exemption no longer applies; or
        1. the operator has not complied with its terms and conditions.

          1. The Registrar must give notice of the revocation or variation of an exemption as soon as possible to the operator.