When you establish a retirement village, you must give a register notification to the Director of Consumer Affairs Victoria. The village will then be listed on the public register of retirement villages.
A retirement village is a community where:
- most residents are 55 years or older or are retired from full-time employment (or are spouses/partners of such people)
- residents receive accommodation and services, other than services provided in a residential care or aged care facility, and
- at least one of the residents, as a contractual condition of entering the retirement village, paid an ingoing contribution that was not rent. It does not matter who made that payment, or whether it was a lump sum or by instalments.
