Retirement village laws

Important changes to the Retirement Villages Act and Regulation came into effect on 1 March 2010. The changes include:

annual management meetings between operators and residents
annual safety inspections
a settling–in period for new residents
reducing the recurrent charges payable by a former occupant after vacating
encouraging operators to keep recurrent charge increases at or below the rate of inflation
increasing operators’ accountability for budget deficits
ensuring urgent repairs are carried out quickly
cutting red tape for smaller village operators
improving the way residents committees operate and making it easier for more residents to be involved
giving residents the right to make reasonable alterations to their dwelling
better protection of refund entitlements for residents who do not have a registered interest in their dwelling.

What's New