New Zealand government reviews Retirement Villages Act 2003 to enhance consumer protections.

New Zealand's government is reviewing the Retirement Villages Act 2003 to enhance consumer protections for residents. Key focuses include maintenance of operator-owned assets, options for earlier capital repayments upon departure, and establishing an independent complaints mechanism. This initiative aims to balance the rights of residents and operators and ensure the sector's viability. Legislative changes are anticipated by 2026, following consultations and agency briefings.

October 16, 2024
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