
the podcast on
The Retirement Villages Association is calling out the Government for issuing a double whammy against the sector.
Newly announced Retirement Villages Act 2003 amendments include ensuring money on a unit is paid back within a year after a resident leaves.
Interest will also be payable after six months if a unit remains empty.
Association Executive Director Michelle Palmer told Ryan Bridge the moves could seriously jeopardise the sector.
She says they were the ones who suggested the interest element, which the Government has taken and then topped with the full repayment at 12 months.
LISTEN ABOVE
Take your Radio, Podcasts and Music with you
Get the iHeart App
Get more of the radio, music and podcasts you love with the FREE iHeart app. Scan the QR code to download now.
Download from the app stores
Stream unlimited music, thousands of radio stations and podcasts all in one app. iHeart is easy to use and all FREE
