This discussion paper outlines proposed requirements for asset management plans for retirement villages and invites your feedback.
Have your say on asset management plans for retirement villages
The NSW Government has released a discussion paper on the implementation of asset management plans for retirement villages in NSW and invites you to provide your feedback.
The release of the discussion paper progresses a recommendation from the 2017 Greiner Report, that the Government consider requiring retirement village operators to develop an asset register to increase transparency.
The discussion paper outlines proposed requirements for asset management plans, including provisions for maintenance, repair and replacement of assets. This is part of the Government’s broader reforms to ensure the NSW retirement village sector provides communities with affordable and secure accommodation options.
To submit your feedback, please review the discussion paper on the NSW Fair Trading website, then fill out the online form. Submissions will be open until 5pm, Friday 29 November 2019.
Have your say < button leading to consultation page.