(1) A residence contract or other agreement or arrangement entered into between an operator of a retirement village and a resident after the commencement date that is, except where the inconsistency, exclusion, modification or restriction is expressly permitted by this Act, to that extent void and of no effect.(a) is inconsistent with a provision of this Act; or(b) purports to exclude, modify or restrict the operation of this Act, or a right conferred by or under this Act (2) Where a residence contract or other agreement or arrangement that has been entered into between an operator and a resident before the commencement date is inconsistent with a provision of this Act, that contract, agreement or arrangement prevails to the extent of the inconsistency.