You will be required to lodge this notification if you intend to operate a retirement village.
What defines a retirement village:
- An area where most residents are 55 years or over or are retired from full-time employment (or are spouses/partners of such people). Residents are provided with accommodation and services, other than the services provided in a residential care or aged care facility.
- 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.
When land is proposed to be used as a retirement village, the owner must lodge a notice with the Registrar of Titles prior to entering into any contracts with residents.
Immediately on the lodgement of a retirement village notice with the Registrar of Titles, you will need to lodge a retirement village notification with the Director of Consumer Affairs Victoria.
Please consult the responsible agency for more information and to ascertain the level of compliance (if any) that may be required.