Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Retirement Villages legislation passed

Retirement Villages legislation passed

New laws covering retirement villages were passed by Parliament this afternoon.

The Retirement Villages Act is designed to provide improved protection for people who buy into retirement villages, Associate Justice Minister Lianne Dalziel said.

“This law will address a legislative mismatch that exposed many older people and their families to unnecessary distress. Existing legislation such as securities laws were not designed with retirement villages in mind.

“At its best retirement village living can provide a wonderful lifestyle but at its worst a decision to buy into a retirement village can result in people feeling trapped.

“One of the key elements of the Act is the requirement for intending residents to be informed of all entry, occupancy and exit costs. This will ensure people will be able to make informed choices before investing their money in a retirement village complex.

“Most operators in this industry are good operators, but there are cowboys out there and it is because they exist that we need to protect the interests of those who would otherwise become their victims.

“To this end, the new Act will compel compliance with an industry wide Code of Practice and the Retirement Villages Association is already working on its contribution in anticipation of the passage of this legislation.

The matters the Code of Practice must cover are prescribed, but the specific clauses in the first instance be generated by the industry and other stakeholders.

“The Act strikes an optimally effective three way balance of promoting the individual rights and interests of residents, protecting the collective interests of residents and recognising the interests of the retirement village industry,” Lianne Dalziel said.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Cancel Culture And The ‘hate Speech’ Laws

If there really is anyone out there who feels genuinely panicked about what ‘cancel culture' is doing to our precious freedoms, then maybe they should just take a deep breath, look hard at who has allegedly been ‘ cancelled’ and see if they can detect any trace of a lasting “cancellation“ effect. Chances are, the alleged cancellees will be doing just fine. By and large, they will be people who do not lack for a public platform – never have, never will – and the downstream effects of being “ cancelled” will almost invariably be trending towards zero... More>>


Government: To Rev Up Reductions In Transport Emissions

The Government is calling for feedback on a range of potential policies to eliminate emissions in the transport sector. Transport Minister Michael Wood today released Hīkina te Kohupara – Kia mauri ora ai te iwi - Transport Emissions: Pathways to ... More>>

KiwiSaver: Default Provider Scheme Improvements Slash Fees, Boosts Savings

Hundreds of thousands of New Zealanders will be significantly better off in retirement following changes to the default KiwiSaver scheme, Finance Minister Grant Robertson and Commerce and Consumer Affairs Minister David Clark said today. More>>


Government: Hundreds Of New Electric Cars For State Sector

Total of 422 new electric vehicles and charging infrastructure across the state sector $5.1 million for the Department of Conservation to buy 148 electric vehicles and install charging infrastructure $1.1 million to help Kāinga Ora buy 40 electric ... More>>

Child Poverty: Reports Highlight Need For Ongoing Action

The Government has released the first Annual Report for the Child and Youth Wellbeing Strategy and the second Child Poverty Related Indicators (CPRI) Report, both of which highlight improvements in the lives of children as a result of actions of the Government, ... More>>


PM: Statement On The Speaker And Annual Review Debate

“The serious issue of alleged sexual assault and harassment at Parliament was poorly managed and inappropriately politicised last night. The tone of the debate did not reflect well on Parliament as a whole,” Prime Minister Jacinda Ardern said. ... More>>

Parliament: Mallard Fails To Give Taxpayers A Straight Answer

Trevor Mallard has confirmed he is unfit to be Parliament’s Speaker by failing to answer several important questions relating to the false rape accusation saga that cost taxpayers more than $330,000, Shadow Leader of the House Chris Bishop says. ... More>>

Local Government: Independent Review To Explore Future

Local Government Minister Nanaia Mahuta says an independent review of local government will explore how councils can maintain and improve the wellbeing of New Zealanders in the communities they serve long into the future. More>>





InfoPages News Channels