We will be watching with interest the Government’s proposed review of the Retirement Villages Act 1999 (Qld) in early 2016. After a period of consultation in 2014, the Act will again be up for consultation next year.
Depending on the results of the consultation period, the changes have the potential to:
- impose greater regulation around village closures
- allow alternative payment models to be offered, and
- enforce early repayment of exit entitlements.