Listed operators unfazed by Retirement Villages Act review

Ryman and Summerset support the Government's progress in reviewing the Retirement Villages Act. (Image: NZME)

Mon, 21 Oct 2024

The country's two largest New Zealand Exchange-listed retirement village operators have indicated they support the Government's progress in reviewing the legislation that governs the sector.Associate Minister of Housing Tama Potaka and Minister for Seniors Casey Costello outlined the Government’s direction on reviewing the Retirement Villages Act 2003. After receiving 11,000 public submissions, they said it would focus on three priority areas: Maintenance and repairs of operator-owned chattels and fixtures;Managing comp...

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