Retirement village exemption rejected by committee considering foreign buyer ban

Tue, 19 Jun 2018

By Sophie Boot June 20 (BusinessDesk) - Retirement village operators are disappointed that the select committee considering the Overseas Investment Amendment Bill did not exempt them from having to get approval before buying sensitive or residential land to build new villages. In March, the chief executives of listed retirement village operators Metlifecare and Ryman Healthcare, and representatives from the retirement village sector appeared before the finance and expenditure select committee to lobby for an exemption from the bill, to pr...

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