Last week, we reported that the NSW Government would be pushing through legislation for six-month retirement village buybacks for metropolitan areas and 12 months in regional areas for private villages before Christmas – now the law firm is providing advice for village operators on how it will affect their operations.
Russell Kennedy’s retirement living team will discuss how this will affect operators in relation to compulsory buy-back of units, capping recurrent charges when a registered interest holder moves out and supporting residents’ transition into aged care.
With the reforms likely to impact upon the liquidity of operators, debt financing for developing villages and resale prices of units, these will be important discussions.
The webinar will run from 11am to 12pm AEST, Thursday 2 July 2020.
It is free to attend, but you must register here.
You can submit questions before the webinar to events@rk.com.au
For more information, email Tom at events@rk.com.au
