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Review of the Retirement Villages Act 1986

Review of the Retirement Villages Act 1986

30 October 2022
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National Seniors Australia Submission on Retirement Villages Act Review

Summary

National Seniors Australia expresses frustration at lack of consumer protections in retirement villages

Concerns raised about lack of transparency in contracts, management fees, and delays in resale of properties

Support for time limits on resale of retirement village units in various jurisdictions

Calls for nationally consistent and strengthened retirement village legislation to protect older Australians

Recommendations for greater transparency, clarity in contracts, and alignment with best practices from other states

Emphasis on reforming the retirement village market to resemble the residential property market for greater owner control and protection against unfair practices.

Review of the Retirement Villages Act 1986

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Giving older Australians a better future

National Seniors is a not-for-profit membership and advocacy organisation that gives older Australians – working and retired – a strong national voice. We tackle issues such as age discrimination, mature age employment, the Age Pension, social inclusion, cost of living concerns and more.

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