What's happening with the retirement villages review.
From the Te Ara Ahunga Ora Retirement Commission website:
“In June 2021 Te Ara Ahunga Ora Retirement Commission released a report and recommendations following public consultation on a white paper * studying the effects of the complex legal framework governing the retirement village sector.
We received nearly 3300 submissions. While most were from individuals and the Retirement Village Residents’ Association, others came from operators and other stakeholders including lawyers, supervisors, and consumer advocates.
The report concluded that retirement village legislation was at risk of becoming outdated and unfit for purpose, requiring urgent review to eliminate unfair terms in contracts and better protect the rights of consumers.”
The Retirement Villages Association also released a new ‘Blueprint’ to introduce a range of improvements.
Any review and possible changes to legislation and/or practice will take time. Stay up to date with any developments by checking The Commission’s website or by following trusted local news sources.
* A white paper is an in-depth document which outlines and explains a complex topic. It is designed to help the reader understand it better and possibly come up with their own ideas or solutions to questions that are raised.