Retirees want village operators 'incentivised' to make faster repayments

Retirees want village operators 'incentivised' to make faster repayments
Demand for retirement village living is expected to grow as the population ages. (Image: BusinessDesk)
Brent Melville
Retirement village residents are tapping into a wealth of business, diplomatic and governance skills to ensure their voice is heard as the government looks to overhaul the more-than-20-year-old legislation covering them.The newly formed Retirement Villages Residents’ Council, an advocacy group of 11 members – all of whom live in retirement units – want updates to the Retirement Villages Act 2003 to beef up capital repayment terms by operators, occupational rights agreements and to entrench simplified and cheaper disputes resol...

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