Last year, off the back of strong advocacy work to Treasury, it was revealed in a draft fact sheet that retirement villages will be included in the new Far North Queensland Reinsurance Pool legislation.
This legislation has now come before Parliament, and a final copy of the fact sheet and legislation have been released. There have been no changes to the status of retirement villages and it is safe to say now that retirement villages will not be forgotten. This is an excellent advocacy outcome that will see real and tangible cost savings for operators in Australia’s far north.
Find out more information here.