You will need this registration if you intend to establish or operate a retirement village scheme. A retirement village is a collection of residences open to senior residents to reside in. These can be independent living facilities much like living in any community or apartment building, or they may be assisted living facilities with varying degrees of additional services available to residents for a fee.
You will be required to issue a Village Comparison Document (VCD), Prospective Costs Document (PCD) and resident contract to all prospective residents. As contracts are often complex, all operators are strongly urged to consult professional advisers regarding the scheme documentation.