The Queensland Government is seeking your feedback after an independent review recommends reducing the time frame to pay exit entitlements to 12 months of a resident’s departure.
In addition, the independent review recommends the operator only be given a further six months to withhold the exit entitlement and to broaden the grounds on which the extension can be granted.
“It is important to get this right, so we are seeking feedback from those who are engaged with retirement villages in any way, about the benefits, costs and implementation challenges of the recommendations,” said Communities and Housing Minister Leeanne Enoch (pictured).
The recommendations if implemented would have a marked effect on budget forecasts and village improvements over the short term.
To provide feedback on the Government response, click here.