Retirement villages try to head off more regulation

Retirement commissioner Jane Wrightson. (Image: Supplied)

Wed, 31 Aug 2022

The Retirement Villages Association (RVA) has decided to try to get in ahead of retirement commissioner Jane Wrightson and any potential legislative changes by regulating itself.The RVA said members representing more than 95% of all units, ranging from the listed companies to independents and not-for-profits, have signed up to “the most significant reforms to the industry since legislation was passed in 2003”.The changes include village operators agreeing to start paying interest on any capital sums owed a departed resident if their...

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