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New Zealand is overhauling its Retirement Villages Act to enhance resident protections, with key changes set for a 2026 bill.
New Zealand is advancing major reforms to the Retirement Villages Act, aiming to improve protections for residents moving in, living in, and leaving retirement villages.
Key changes include mandatory repayment of net termination funds within 12 months—plus interest after six months—immediate cessation of weekly fees upon departure, and a new dispute resolution scheme.
Residents will also gain the ability to apply for early release of funds in urgent situations.
The reforms, informed by over 11,000 submissions, will not apply retroactively and are expected in a bill by mid-2026.
The government emphasizes fairness and transparency, while stakeholders express concerns about impacts on smaller operators.
Nueva Zelanda está revisando su Ley de aldeas de jubilación para mejorar las protecciones de los residentes, con cambios clave establecidos para un proyecto de ley de 2026.