Review of Retirement Villages Act next steps
The Ministry of Housing and Urban Development (MHUD), working in partnership with the retirement sector, has set out the next steps of the review of the Retirement Villages Act 2003.
The Government is taking a more focused approach to progressing the review of the Retirement Villages Act. The review will progress changes that are broadly supported by the retirement sector. It will also focus on the following three priority areas for residents:
- maintenance and repairs of operator-owned chattels and fixtures
- complaints and disputes
- options for incentivising or requiring earlier capital repayments when residents move out of a village.
Please refer to the MHUD website for:
- more information regarding the time frame for the review, and
- a summary of submissions on the review.