Retirement Villages Act 2003

Registration, occupation right agreements, and related requirements and rules - Financial reporting

35F: Non-application of section 35B if alternative financial reporting duties under financial markets legislation

You could also call this:

"Some retirement village operators don't have to follow section 35B if they already report finances elsewhere"

Illustration for Retirement Villages Act 2003

You do not have to follow section 35B if you are an operator of a retirement village and you have to prepare financial statements under subpart 3 of Part 7 of the Financial Markets Conduct Act 2013 or section 55 of the Financial Reporting Act 2013 for a certain period. This means section 35B does not apply to you for that period. You can find more information about these rules in the Financial Markets Conduct Act 2013 and the Financial Reporting Act 2013.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM6043948.

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

Topics:

Money and consumer rights > Savings and retirementBusiness > Industry rules

35E: Audit must be carried out in accordance with auditing and assurance standards, or

"Audits must follow standard rules"

35G: Financial reporting offences, or

"Breaking finance rules in retirement villages"

Part 2Registration, occupation right agreements, and related requirements and rules
Financial reporting

35FNon-application of section 35B if alternative financial reporting duties under financial markets legislation

Section 35B does not apply to an operator of a retirement village in relation to an accounting period if financial statements of the operator are required to be prepared for that period under subpart 3 of Part 7 of the Financial Markets Conduct Act 2013 or section 55 of the Financial Reporting Act 2013.

Notes

Section 35F: inserted, on 1 April 2014, by section 115 of the Financial Reporting (Amendments to Other Enactments) Act 2013 (2013 No 102).