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Retirement Villages Act 2003
Registrar of Retirement Villages, code of practice, and miscellaneous matters
Validation of fees
110: Amendment to Securities Act 1978

Part 1:
Preliminary provisions

2Commencement 3Purpose 3ATransitional, savings, and related provisions 4Act to bind the Crown 5Interpretation 6Meaning of retirement village 7Obligations of operator 8Operator and director, trustee, or office holder of operator not to be exempt from liability 9Power of court to grant relief in proceedings for negligence, etc

Part 2:
Registration, occupation right agreements, and related requirements and rules

Part 3:
Retirement Commissioner and statutory supervisors

Retirement Commissioner

36Retirement Commissioner to monitor, etc, effect of this Act

Statutory supervisors

37Registrar must approve statutory supervisor 38Operator must appoint statutory supervisor 39Registrar's consent required for termination or non-renewal of appointment 40Operator must not indemnify or exempt statutory supervisor from liability 41Exemption from requirement for statutory supervisor 42Duties of statutory supervisor 43Powers of statutory supervisor 43ACourt may make orders 44Public statement by statutory supervisor 45Liability for loss limited 46Statutory supervisor may require information

Auditor must answer questions and supply information

47Auditor must answer questions and supply information

Part 4:
Dispute resolution, enforcement, and penalties

Dispute resolution

48Interpretation 49Resident's rights may be exercised by personal representative 50Types of dispute procedures 51Complaints facility 52Resident or operator may require dispute resolution 53Types of dispute for which resident may give dispute notice 54Types of dispute for which operator may give dispute notice 55Operator must notify statutory supervisor of certain disputes 56Form of dispute notice 57Time for giving dispute notice 58Retirement Commissioner approves persons eligible for appointment to disputes panel 59Operator must appoint disputes panel 60Composition of disputes panel 61Disputes panel must disclose interests and previous involvement 62Operator's duties to secure independence of disputes panel 63Meaning of previous involvement in dispute 64Conduct of hearing 65Hearing must be held 66Panel may refuse to hear dispute 67Evidence and attendance 68Matters that disputes panel must take into account in deciding certain disputes 69Powers of disputes panel 70Additional powers of disputes panel in certain disputes 71Record of decision 72Effect and enforcement of dispute resolution decisions 73Effect of vacancy in panel membership 74Costs on dispute resolution 75Appeal to District or High Court

Enforcement and penalties

76Jurisdiction of High Court 77Jurisdiction of District Court 78Jurisdiction of Disputes Tribunal 79Contraventions of certain provisions an offence 80Injunctions may be granted by court for contravention of certain provisions 81Order to disclose information or publish advertisement 82Other orders 83Monetary limits and exercise of jurisdiction 84General provisions relating to section 82 orders 85Defences 86Finding in proceedings to be evidence

Part 5:
Registrar of Retirement Villages, code of practice, and miscellaneous matters

Registrar of Retirement Villages

87Appointment of Registrar 88Power of Registrar to delegate

Code of practice

89Code of practice must be prepared and published 90Duration and variation of code of practice 91Retirement Commissioner to provide publication information 92Status of code of practice 93Exemption from requirement to comply with code of practice

Registered office of retirement village

94Registered office

Change of registered office

95Change of registered office

Address for service of retirement village

96Address for service

Registrar's powers of inspection

97Registrar's powers of inspection 98Disclosure of information and reports 99Certain provisions of Companies Act 1993 apply 100Deeds of participation 101Regulations 102Fees and charges

Validation of fees

102AValidation of fees used to recover costs of other Companies Office registers, etc 103Regulations defining retirement villages 104Regulations prescribing criteria for exemptions under section 41 105Regulations prescribing criteria for exemptions under section 93 105ARegulations exempting from provisions of Trusts Act 2019 106Notices 107Acts not to apply 108Amendment to Corporations (Investigation and Management) Act 1989 109Amendments to Financial Reporting Act 1993 110Amendment to Securities Act 1978

Schedule 1AA:
Transitional, savings, and related provisions

Schedule 1:
Registration and register

Schedule 2:
Disclosure statements

Schedule 3:
Occupation right agreements

Schedule 4:
Code of residents' rights

Schedule 5:
Matters to be included in code of practice

Summary of changes

Retirement Villages Act 2003

Registrar of Retirement Villages, code of practice, and miscellaneous matters - Validation of fees

110: Amendment to Securities Act 1978

You could also call this:

"Changes to the Securities Act 1978"

Illustration for Retirement Villages Act 2003

You can find the changes to the Securities Act 1978 in the Act. The changes are part of this Act. They are now included in the Act.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM220981.

This page was last updated on 28 January 2026 — View changes

Topics:

Money and consumer rights > Consumer protectionBusiness > Industry rules

109: Amendments to Financial Reporting Act 1993, or

"Changes to the Financial Reporting Act 1993"

Schedule 1AA: Transitional, savings, and related provisions, or

"Rules to help with changes to the Retirement Villages Act"

Part 5Registrar of Retirement Villages, code of practice, and miscellaneous matters
Validation of fees

110Amendment to Securities Act 1978

Amendment(s) incorporated in the Act(s).