Overview |
On 14 August, 2024, the Retirement Villages Amendment Bill 2024 was introduced to the Legislative Assembly. The proposed amendments pertain to the Retirement Villages Act 1992, which has not seen reform since 2012. The amendments have been in consultation and development for several years and have been compiled with input from various industry bodies including The Property Council, The Retirement Living Council, and WARVRA. The amendments aim to better balance the needs of residents and operators, and include a 12-month time limit for exit entitlements to be paid out, duty-of-care regarding clearer information for prospective residents, and better-defined obligations and responsibilities regarding village maintenance and capital improvements. The amendments also include provisions for a Code of Conduct for operators that cover training & qualifications, standards of honesty & fairness, professionalism, improved transparency and accountability for village budgets, and consequences for non-compliance. The original documents as submitted to parliament, and the progress of the Bill, can be found here. An overview from the WA State Government, including a statement from Minister Sue Ellery, regarding the Bill can be read here. The Amendments Bill and the associated Memorandum, as presented to parliament on August 14, are also linked below. |
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