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The Government announced some changes to retirement villages today following thousands of submissions.
The changes aim to support residents by giving the villages a specific timeframe of 12 months to repay residents after they vacate a unit.
Until now there was no repayment deadline.
Retirement Village Residents Council spokesperson Carol Shepherd told Heather du Plessis-Allan, "to be realistic and pragmatic we wanted some definition, some definite time frame about when we could get our money back, and 12 months seems to be a logical time frame."
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