SA to now conduct a review of the RV Act

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SA Minister for Ageing, Jack Snelling, has announced the legislation of the Retirement Village Act will be reviewed. This follows a review in 2012 of the regulations behind the Act. Following the recent high profile receivership of a village, the Minister explained: “There are issues in relation to the current powers of investigation and auditing requirements that govern a village’s operation while they are in receivership. These need to be addressed and the only way to do this adequately is through a review of the act.” He pointed out SA has 522 registered retirement villages, with about 24,400 residents.