Changes to Queensland’s Retirement Villages (Financial Documents) Amendment Regulation 2024 came into effect on Monday 1 July 2024.
These changes include new financial reporting requirements by retirement village operators.
More information can be found on the government’s factsheet.
The Department of Housing, Local Government, Planning and Public Works is creating materials to help operators understand and implement the changes, these guidance materials will then be distributed and published on the department’s website.
You can read the Property Council’s submission on the regulations online.