Capital Works, Modifications and Terminations of Retirement Villages

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The Property Council reaffirms its support for high quality development throughout WA and continues to advocate for greater consistency and standardisation in WA’s planning system.

Our feedback is intended to support Design Review Panels (DRPs) to achieve their intended function: that is, to enhance the design of developments in line with the State Planning Policy 7.0 (SPP7.0), without unduly adding to already protracted approvals timeframes.


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Capital Works, Modifications and Terminations of Retirement Villages
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The Property Council and Retirement Living Council’s (PCRLC) response emphasises that industry is not opposed to the introduction of mandatory reserve funds for capital maintenance, noting that approximately 90 per cent of operators already have reserve funds in place.

However, given the consequence is that an operator will need to divest existing reserve fund amounts into separate funds, we strongly recommend longer lead-times for the transitional arrangements into a separate mandatory capital maintenance fund and potentially establishing a capital replacement fund.
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