Village budgets and financial statements

Village financials

This document provides both background information and a practical guide to those things, required by the Retirement Villages Act 1999, for village budgets and financial statements. This version was produced April 2021. 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 avaialable at a small cost 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