Published: September 11, 2017
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VIC Govt set to review its Retirement Villages Act

From: The Weekly Source

The State Govt has committed to reviewing the Act as part of its response to the recommendations of the recent Parliamentary Inquiry into the retirement living sector.

The response to the Legal and Social Issues Committee’s report also backs Consumer Affairs Victoria collating its online ‘retirement villages’ information into a booklet that village operators must provide to potential residents; that deferred management fees are applied on a pro rata basis; and villages must report on compliance with maintenance plans funded by maintenance charges paid by residents.

Read more:

VIC Govt set to review its Retirement Villages Act

Government Response (.pdf)

VIC Inquiry into the Retirement Housing Sector (.pdf)

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