Retirement village operators Metlifecare, Ryman lobby for foreign buyer exemption

Thu, 01 Mar 2018

By Sophie Boot March 1 (BusinessDesk) - Listed retirement village operators Metlifecare and Ryman Healthcare say they want to be exempted from proposed changes to foreign investment rules which will deem them offshore companies requiring Overseas Investment Office clearance to buy land. Metlifecare, Ryman and representatives from the retirement village sector appeared before the finance and expenditure select committee to lobby for an exemption from the Overseas Investment Amendment Bill, which will allow the Overseas Investment Office to...

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