As the national body representing Australia’s retirement living sector, the RLC welcomes the opportunity to provide a submission regarding proposed amendments to the Retirement Villages Act 2004 (Tas) as detailed in the Retirement Villages Amendment Bill 2023 (Tas) (“the Bill”).
The proposed reforms in the Bill are largely supported by the RLC.
We believe these changes support our view to strengthen consumer protections through providing residents and operators with additional financial transparency into the financial operation of retirement communities.
The RLC has a strong track record of supporting increased transparency for our sector as it boosts protection and oversight for both residents and operators.
We believe these changes will further elevate our sector’s standing in Tasmania and positively impact on consumer confidence.