The new RVA NSW Regional Manger, Mark Eagleston, has distributed a very good overview of the Retirement Villages Act Amendment Bill that was passed through NSW Parliament on 4 December, with release of regulations expected first quarter 2009. In particular it reviews the new requirements on settling in periods, capital replacement funds, capital gains, capital maintenance and recurrent charges. Mark can be contacted on 02 9261 1777 or managernswact@rva.com.au
NSW Legislation Reviewed by RVA
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