Topic - Editorial

QLD Retirement Village Act changes to commence next month

Oct 15 2019 Updated May 3, 2023

The Weekly Source

1 min read

Final amendments to the Retirement Villages Act will commence in November 2019. These changes will introduce:

plans for changes in village operations, such as village closure, redevelopment or transition to a new scheme operator
more standardised residence contracts for retirement villages
standard requirements for financial reports and budgets for retirement villages.

Amendments to the Retirement Villages Regulation to implement these changes to the law will occur in stages through to 2020.

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