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    Media Statements

    Coat of ArmsMedia Release
    Minister for Housing and Public Works
    The Honourable Bruce Flegg

    Inquiry into retirement village legislation

    Minister for Housing and Public Works
    The Honourable Bruce Flegg

    Thursday, August 02, 2012

    Inquiry into retirement village legislation

    The Transport, Housing and Local Government Committee will undertake a review of the Retirement Villages Act to ensure elderly residents are adequately protected from unscrupulous operators.

    The committee will consider whether the Act includes unnecessary restrictions and provisions which increase the affordability of living in a retirement village, and provides residents with certainty in relation to their rights..

    It will take public submissions and consult with key industry groups, including retirement village scheme operators and residents.

    The committee will report to Parliament by 30 November 2012.

    Full terms of reference are:

    That, in undertaking this inquiry, the committee should consider whether the Act;

    • provides adequate fair trading practice protections for residents; including providing appropriate material to enable informed decisions to be made;
    • does not include unnecessary restrictions and provisions which increase the affordability of living in a Retirement Village;
    • provides adequate certainty, accountability and transparency for residents in relation to their financial obligations, including the interests of residents in the event of a village closing down;
    • provides sufficient clarity and certainty in relation to the rights and obligations of residents and scheme operators,
    • should make provision for scheme operators to develop and adopt best practice standards in operating villages, or require operators to comply with mandatory standards or accreditation;
    • adequately promotes innovation and expansion in the retirement village industry, avoids purely ‘red tape’ requirements, and facilitates the ongoing viability of villages;
    • affords residents all reasonable opportunities to be involved, should they wish to be, in budgetary and other decisions affecting their financial obligations.
    • adequately provides a timely, informal and cost-effective process for resolving disputes between residents and scheme operators.

    [ENDS]

    Media contact: Graeme Hallett 0408 763 671