Application for administrator at Oasis Village Holiday Park
The NSW Government has made an application to the NSW Supreme Court to protect the well-being and financial security of the residents of the Oasis Village Holiday Park in Wollongong.
Minister for Fair Trading Eleni Petinos said the NSW Government had moved to protect the interests of the Oasis Village community by requesting an administrator be appointed to exercise the functions of the operator, after the operator let the park fall to a dilapidated state.
“The NSW Government is taking action to protect the Oasis Village community,” Ms Petinos said.
“An administrator would undertake the essential work of carrying out repairs, securing the financial well-being of the community, and considering the processes required to obtain Council authority to operate the park.
“It is unacceptable that our seniors who are living at Oasis and have poured their lifesavings into their homes for decades are being subjected to these conditions, and their well-being and financial security has been seriously affected.
“We are seeking the appointment of an administrator so residents can sleep easier knowing their biggest asset, their homes, are once again secure.”
A NSW Fair Trading appointed Inquirer recommended the appointment of an administrator to oversee the 57 privately owned homes at Oasis Village Holiday Park.
NSW Fair Trading continues to monitor the situation closely. For more information on how NSW Fair Trading can appoint an administrator, see the NSW Fair Trading Administration of associations law web page.