Retirement Villages Act 2003

Retirement Commissioner and statutory supervisors - Statutory supervisors

46: Statutory supervisor may require information

You could also call this:

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

Illustration for Retirement Villages Act 2003

The statutory supervisor can ask the operator of a retirement village for information. You need to know that this information is about the village's financial position or how residents' interests are protected. The operator must give the statutory supervisor this information within 10 working days. The statutory supervisor wants to know how the village is managed. The operator has to provide the information when asked. This helps the statutory supervisor do their job. The operator gets 10 working days to give the information to the statutory supervisor. This is after they receive the request for information. The operator must respond quickly to the statutory supervisor's request.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM220892.

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Part 3Retirement Commissioner and statutory supervisors
Statutory supervisors

46Statutory supervisor may require information

  1. The statutory supervisor may require the operator to provide information relating to the financial position, security of the interests of residents, or management of the retirement village to the statutory supervisor.

  2. The operator must provide the information within 10 working days of receiving the request.