Retirees want village operators 'incentivised' to make faster repayments

Demand for retirement village living is expected to grow as the population ages. (Image: BusinessDesk)

Mon, 26 Feb 2024

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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