This form must be used by operators to apply for an exemption, of up to 5 years, from the requirement to pay exit entitlements and/or enter into contracts to buyback premises in a retirement village.
Operators must give written notice to all impacted residents within 30 days of making an application.
For more information about applying for an exemption - exit entitlements and/or buybacks see Extensions and exemptions for retirement villages exit payments.