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Consumer NZ urges New Zealand to change laws requiring three-month retirement village refunds.
Consumer NZ is urging New Zealand to change laws requiring retirement village residents receive their money back within three months of leaving, criticizing current delays that can last years.
The group says the government's proposed 12-month deadline is too long and would only apply to future residents, leaving current ones unprotected.
A petition supports a full repayment within three months and an interim payment of at least 10% or $50,000 within five working days, with exceptions for villages facing financial hardship or sharing capital gains.
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Consumidor NZ insta a Nueva Zelanda a cambiar las leyes que requieren reembolsos de tres meses en las aldeas de jubilación.