Draft legislation covering reforms to the retirement regulations is expected to be introduced into the NSW Parliament by Anthony Roberts [Minister for Fair Trading] early this year. Included is a standard contract for all new residents and this is expected to be operative in the field by September. NSW legislation and regulations have historically led the rest of the country so this precedent will be watched closely, along with a raft of other changes. Jan Pritchett [pictured] of the RVRA reports that about 50% of the amendments the State Residents Association argued for have been successfully incorporated.
In the Headlines
Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania
Tony Randello, CEO of the nation’s leading retirement village provider, said the impending sale of its 16 retirement villages in South Australia and Tasmania “aligns with Aveo’s regular strategic review of opportunities across its portfolio”. The...
