The NSW Government is remaking the Retirement Villages Regulation 2009.
The proposed Regulation supports the Retirement Villages Act 1999 (the Act) and features numerous changes to further improve the operation and administration of the Act. The Act sets out the rights and responsibilities of residents and operators, village contract and disclosure requirements and dispute resolution mechanisms. The Regulation sets out the detail required for the effective operation of the Act.
The Regulation must be remade as the Retirement Villages Regulation 2009 will be automatically repealed on 1 September 2017. If the Regulation is not remade, the Act cannot operate or be effectively administered.
The proposed changes have been developed by the Department of Finance, Services and Innovation in conjunction with key stakeholders. The draft Retirement Villages Regulation 2017 (PDF size: 450kb) and accompanying Regulatory Impact Statement (PDF size: 977kb) are now available to view and for industry and the public to provide comments.
Fair Trading seeks comments from stakeholders and the public about these proposed changes.
Consultation will close on 20 July 2017.