Commerce Minister Dr Tony Buti has released the following media statement: Better protection for retirement village residents under new laws
Key points:
- Retirement village residents to benefit from new laws starting 1 September
- Time limit put on exit entitlement payouts with option to direct them to aged care costs
- Five-stage roll-out includes budget consultation and new closure rules
- Cook Labor Government delivering sensible and effective law reform
Further information about key changes in the legislation can be found here: www.consumerprotection.wa.gov.au/retirement-village-law-reforms