Services - Anchorage Trustees

By: Anchorage Trustees  06-Dec-2011
Keywords: Retirement Villages, Disclosure Statement, Anchorage

Statutory Supervision

A statutory supervisor is an independent advisor appointed by village operators to protect the interests of residents. Anchorage currently supervises 26 retirement villages, notably those belonging to Ryman Healthcare Limited together with villages owned by charitable trusts and commercial operators.

Statutory supervisors are appointed under a deed of supervision and have a number of duties under the Retirement Villages Act, including:

  • - acting as an independent stakeholder for deposits and progress payments by residents to operators
  • - monitoring the financial position of the village
  • - reporting annually to the Registrar and residents on the performance of their duties
  • - carrying out any other function specified in the Act or the deed of supervision with the village.

Compliance with the Retirement Villages Act 2003

We have prepared a suite of documents in terms of the Retirement Villages Act 2003, the Regulations and the Code of Practice. These would save village operators and their solicitors an immense amount of time spent in preparation.

  • Occupation Right Agreement - an agreement between the village owner and a resident pertaining to the exclusive right to occupy a unit.
  • Disclosure Statement - a document containing details of village ownership, management,supervision,services,charges,accounts and estimates of financial returns.
  • Deed of Supervision - a document setting out the terms and conditions on which a statutory supervisor is appointed.
  • Comparison Sheet - a correlation between Occupation Right Agreements, Code of Practice, the Retirement Villages Act and the Regulations.
Links referenced
download an order form,74,246/orderform.doc


Copyright © Anchorage Trustees 2011

Keywords: Anchorage, Disclosure Statement, Retirement Villages