There are two legal documents fundamental to the satisfactory operation of retirement villages.
This is the parent Act which sets out particular rights and obligations of residents and operators of retirement villages; to establish mechanisms for the resolution of certain disputes between residents and operators of retirement villages.
AND the associated regulation:
The Retirement Villages Regulation 2017 replaced the Retirement Villages Regulation 2009 effective from 1 September 2017 and features numerous changes that were intended to improve the operation and administration of the Retirement Villages Act. The Regulation was developed by the Department of Finance, Services and Innovation in conjunction with key stakeholders, including RVRA.
The key changes incorporated into the 2017 Regulation were:
RVRA representatives were closely involved in discussion with the Minister’s Office and The Office of Fair Trading regarding the Regulation.
Whilst RVRA was disappointed that not all of its proposals for change were adopted, but appreciates that those that were are welcome enhancements to the regulatory framework governing retirement living.
RVRA will continue to fight for the recognition of our residents’ rights to live with certainty and fairness in Retirement Villages. We need to be vigilant and bring to the notice of The Office of Fair Trading any situations where residents are treated unjustly.