s. s. 33 32G (5) If the Tribunal makes the order referred to in section 32F, the Tribunal may also order the manager to pay such compensation to the owner resident or the purchaser (or both) for delay and inconvenience as it considers just in the circumstances. _______________ 33 Annual meeting In each year the manager of a retirement village must convene an annual meeting of the residents of the retirement village. 50 penalty units. 34 Proceedings at annual meetings (1) The owner of retirement village land must prepare and present to the annual meeting a statement in writing, signed by the owner and setting out the following— (a) whether all refundable in-going contributions which fell to be refunded to residents of the village during the prescribed period have been refunded, and if any have not, the amount which has not been refunded, details of the delay and the reasons for the delay; (b) whether the owner is aware of any material matter which may prevent the owner from meeting debts as and when they will fall due in the period of 12 months from the end of the prescribed period, and if the owner is aware of any such matter, details of the matter. 100 penalty units.
(5) If the Tribunal makes the order referred to in section 32F, the Tribunal may also order the manager to pay such compensation to the owner resident or the purchaser (or both) for delay and inconvenience as it considers just in the circumstances. s. 32G _______________ 33 Annual meeting s. 33 In each year the manager of a retirement village must convene an annual meeting of the residents of the retirement village. 50 penalty units. 34 Proceedings at annual meetings (1) The owner of retirement village land must prepare and present to the annual meeting a statement in writing, signed by the owner and setting out the following— (a) whether all refundable in-going contributions which fell to be refunded to residents of the village during the prescribed period have been refunded, and if any have not, the amount which has not been refunded, details of the delay and the reasons for the delay; (b) whether the owner is aware of any material matter which may prevent the owner from meeting debts as and when they will fall due in the period of 12 months from the end of the prescribed period, and if the owner is aware of any such matter, details of the matter. 100 penalty units.
86-126aa064.docx