Retirement Villages (Contractual Arrangements) Regulations 2017 - Regulatory Impact Statement

Background

We proposed new regulations to replace the Retirement Villages (Contractual Arrangements) Regulations 2006, which were due to expire on 31 July 2017.

A Regulatory Impact Statement (RIS) examined a range of options for regulating retirement village contracts and identified a preferred approach. Download the Retirement Villages (Contractual Arrangements) Regulations – Regulatory Impact Statement (Word, 1.4MB).

The Retirement Villages (Contractual Arrangements) Regulations 2017 were made on 4 July 2017 and will come into operation on 30 July 2017.

Consultation process

The RIS was open for public consultation from 29 March to 28 April 2017. We received three public submissions, all of which have been considered and responded to.

Submissions

The following public submissions were made:

• Consumer Action Law Centre, Council on the Ageing Victoria, Housing for the Aged Action Group and Residents of Retirement Villages Victoria (PDF, 291KB)
• Leading Age Services Australia (PDF, 585KB)
• Property Council of Australia (PDF, 436KB).

Some of these files may not be suitable for users of assistive technology. To request a different format, please contact us.

Responses to submissions - statement of reasons

Following consideration of each submission, a number of changes were made to the proposed regulations.

To view the key issues and responses, download the Summary of issues raised in submissions on the RIS (Word, 68KB).