Village financials

Guide to Village financials for Residents Committees and Residents

A guide developed by ARQRV to assist residents committees reviewing draft village budgets and financial statements, and to assist residents understand their rights and obligations in relation to village financials (this document is under review check back May 2025) – Read more.

Financial Guidance Materials – Quantity Surveyor Report and Budgets

A guide developed by the Queensland Government department administering the Retirement Villages Act 1999 (RV Act) to assist the retirement village industry to comply with the financial reporting requirements contained in the RV Act and RV Regulation, and to help residents understand what these financial reporting requirements are – Read more

Financial statements and village budgets timelines

This document will assist residents committees in managing their financial role regarding financial statements and village budgets provided by the scheme operator.  Read more

Retirement Living Expenditure Guidelines Queensland Edition

These Guidelines are for the benefit of both residents in, and scheme operators of, Queensland retirement villages. It provides guidance to assist with the consistent and logical classification of expenditure from the GSCF, the MRF and the CRF.  A printed copy is available at a small cost (for printing and postage only) by contacting the office.   Read or print flipbook (recommended) – Print PDF

 How GST applies to retirement villages

How GST is applied to supplies made by a retirement village operator depends on the type of living arrangement offered or who is operating it (for example, a charity or a commercial operator).  The ATO website provides the following information – GST and property/Retirement villages.  Read more