The State Government released the Retirement Villages Amendment Bill 2022 Exposure Draft on Saturday 8 October 2022. There is an initial consultation period until 28 October 2022, when the Government will go into caretaker mode. The next stage of consultation will then depend upon the outcome of the State election.
The Bill significantly re-writes the Retirement Villages Act 1986 (Vic) and makes many fundamental changes across all stages of the resident’s journey through a village, from pre contract disclosure, to operational matters during resident occupation, through to resident vacation including reinstatement/refurbishment obligations, payment of exit entitlements, termination rights and dispute resolution processes.
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