Retirement Villages Act 2003

Retirement Commissioner and statutory supervisors - Statutory supervisors

45: Liability for loss limited

You could also call this:

"The law protects you from losing money if a supervisor makes a wrong decision."

Illustration for Retirement Villages Act 2003

You are protected if a statutory supervisor makes a decision under section 43 or section 44. The supervisor is not responsible for any loss you suffer because of their decision. This only changes if the supervisor acts in bad faith or recklessly.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM220891.

This page was last updated on View changes


Previous

44: Public statement by statutory supervisor, or

"When a supervisor shares information about a retirement village's safety and management"


Next

46: Statutory supervisor may require information, or

"The statutory supervisor can ask a retirement village for financial information to help keep residents safe."

Part 3Retirement Commissioner and statutory supervisors
Statutory supervisors

45Liability for loss limited

  1. A statutory supervisor is not liable for any loss suffered by any resident or other person as a result of any action taken under section 43 or section 44 unless the statutory supervisor has acted in bad faith or recklessly.