Although reforms to the Retirement Village Act were passed in 2009 the Retirement Village Residents Association maintains that changes to the act have created even more ambiguity in the sector.
Confusion still exists over fees and charges and NSW Fair Trading advices potential investors in retirement villages to research their contracts carefully.
The following 7.30 (Stateline) Report interview is as relevant today as it was when first aired in July 2010. Click as appropriate to play the video or to read a transcript of the interview by Greg Miskelly.
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