Retirement Village Residents Association-Issues

Retirement Village Residents Association (Inc)
ABN 16 674 035 894

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Issues by RVRA:

On 3rd and 4th December 2008 the NSW Parliament voted on the Retirement Village Act Amendments 2008.

The Government moved 23 amendments, and in addition, the Liberal/National Coalition and The Greens had in excess of another 60 proposed amendments.

The Bill, after taking five years to get to the Legislative Council, was finally dealt with in the early hours of Thursday morning (4th December 2008).

The majority of the voting was 19 to 18 in favour of the Government. None of the Coalition or Greens' amendments were accepted.

Although the amendments we wanted to see adopted in the Bill were not accepted by the Government and its supporters, all was not lost. The controversial amendment on the 50/50 payment of Capital Replacement and Maintenance was changed by the Government after consultation with retirement village residents.

The RVRA has now established a Study Group to represent residents' interests by formulating and later submitting to the Office of Fair Trading, draft Regulations which will help in the administration of the new Retirement Villages Amendments Act 2008 when it is proclaimed.

After the publication of the Draft Regulation 2009 for the Amendment Bill, on the 7th October 2009, the Study Group worked through each clause to highlight areas of concern for residents in Retirement Villages and lodged a submission with the Minister and the Office of Fair Trading. Members of the RVRA Committee also had meetings with the Minister and OFT Policy Officers, along with the other stakeholders.

The final Regulation was gazetted on the 18th December 2009, for further comments see our News Break page.