The Victorian Government has now released its response to the Legislative Council's Legal and Social Issues Committee Report on the Inquiry into the Retirement Housing Sector which was released on 7 March 2017.
From 30 July 2017, the Retirement Villages (Contractual Arrangements) Regulations 2017 (Vic) (“New Regulations”) have taken effect. The New Regulations repeal and replace the Retirement Villages (Contractual Arrangements) Regulations 2006 (Vic) (“Old Regulations”).
The Retirement Villages Act 2016 (SA) was introduced in November 2016 as the first part of the reform of retirement village laws in South Australia. The final piece of that reform, the Retirement Villages Regulations 2017, were released on 8 August 2017. The new Regulations and the new Act will commence from 1 January 2018.