Govt faces tricky balance in retirement village law reform

The government will be walking a fine line. (Image: Deposit Photos)

Fri, 08 Dec 2023

The government will have to juggle competing tensions between aggrieved pensioners who feel they’re being taken advantage of against more intense cash demands on retirement village operators racing to build more units. The National-New Zealand First coalition agreed to progress a review of the Retirement Villages Act by the Ministry of Housing and Urban Development to test whether the 20-year-old regime remains fit for purpose.The coalition agreement kept the pension age of eligibility at 65 and included a number of commitments,...

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