Retirement village reforms pass Parliament
- Parliament greenlights fairer retirement village laws
- Former residents to receive exit entitlements within 12 months of leaving a village
- Clearer upfront information to make it easier to compare options
Fairer retirement village laws are on their way, with the Cook Government's reforms to the Retirement Villages Act 1992 passing State Parliament.
The changes include a new time limit for exit payments to be made to departing residents.