Tuesday 6 June, 2023
MEDIA RELEASE
Retirement Living Council Executive Director Daniel Gannon on Tasmanian Government Retirement Villages Act amendment announcement
Residents want choice and flexibility, which is why the retirement industry offers a range of contract options to best suit their needs.
Importantly, the sector works closely and openly with governments, regulators, residents and their families to ensure that Australians have the information they need to make a decision that’s right for them during this important stage of life.
We know that the vast majority of residents have a wonderful experience living in age-friendly communities, but there are some instances where these expectations are not met. When this happens, it often relates to disclosure statements.
Industry is supportive of greater clarity and certainty for prospective residents to ensure they understand the tenure model they are entering, the fees they are agreeing to pay, and their rights and obligations. Equally, we always encourage prospective residents to seek their own independent legal and financial advice.
If there are bad operators in the market, they should be held accountable – but this is not the industry standard.
This review comes at a precarious time given Tasmania – like the rest of the nation – is facing challenges around housing supply, affordability, cost and supply chain constraints.
Industry looks forward to working closely with the Tasmanian Government to ensure the right balance is struck between operator viability and consumer-focused reforms, especially as the nation confronts a housing supply and affordability crisis.
If these reforms make it harder for operators to build and operate age-friendly communities, it could place a handbrake on supply at the worst possible time.
Age-friendly communities across the country contribute more than $3.3 billion in savings to governments through reduced interaction with GPs and hospitals, and most importantly through delayed entry into aged care.
ENDS
Media contact: Joe Schwab | 0402 687 890 | [email protected]