r. 5 includes a person who alone or with others owner Reg. 4 def. of is the owner of an estate other than an estate owner inserted by in fee simple; S.R. No. 171/2013 reg. 6. means a period of three months in any Reg. 4 def. of quarter quarter year that ends on 31 March, 30 June, inserted by 30 September or 31 December; S.R. No. 52/2009 reg. 6. means in respect of a relevant financial year Reg. 4 def. of relevant retirement village, a period that consists of financial year 12 consecutive months, that commences on inserted by S.R. No. the date fixed by the manager of the 52/2009 reg. 6. retirement village and ends on the date fixed by the manager of the retirement village; means the Retirement Villages Act 1986; the Act and means the Aged Care Act 1997 the Aged Care Act of the Commonwealth. 5 Condition for refund of in-going contribution to a non-owner resident (1) Where the clauses in Schedule 1 have been inserted into a residence contract with a resident, it is a condition for the purposes of section 26(2)(c) of the Act that the non-owner resident or the non-owner resident's legal representative is entitled to recover the amount refundable under section 26(1) of the Act— (a) if payment is made by another person under a residence contract in respect of the premises of the non-owner resident, that is at least the equivalent of the amount owed to the non-owner resident after the non-owner resident has delivered up vacant possession of the premises, on a day not more than
Reg. 4 def. of owner inserted by S.R. No. 171/2013 reg. 6. owner includes a person who alone or with others is the owner of an estate other than an estate in fee simple; Reg. 4 def. of quarter inserted by S.R. No. 52/2009 reg. 6. quarter means a period of three months in any year that ends on 31 March, 30 June, 30 September or 31 December; Reg. 4 def. of relevant financial year inserted by S.R. No. 52/2009 reg. 6. relevant financial year means in respect of a retirement village, a period that consists of 12 consecutive months, that commences on the date fixed by the manager of the retirement village and ends on the date fixed by the manager of the retirement village; the Act means the Retirement Villages Act 1986; and the Aged Care Act means the Aged Care Act 1997 of the Commonwealth. 5 Condition for refund of in-going contribution to a non-owner resident r. 5 (1) Where the clauses in Schedule 1 have been inserted into a residence contract with a resident, it is a condition for the purposes of section 26(2)(c) of the Act that the non-owner resident or the non-owner resident's legal representative is entitled to recover the amount refundable under section 26(1) of the Act— (a) if payment is made by another person under a residence contract in respect of the premises of the non-owner resident, that is at least the equivalent of the amount owed to the non-owner resident after the non-owner resident has delivered up vacant possession of the premises, on a day not more than
06-99sr005.docx