DODGY operators of retirement villages have been put on notice to shape up or face tough new laws for the sector, the boss of a special inquiry into shonky practices in NSW has warned.
Ageing expert Kathryn Greiner delivered her blunt message after handing in her report into exorbitant fees and complex contracts in the state’s 653 retirement villages for the Berejiklia n government.
Minister for Innovation and Better Regulation Matt Kean announces a major crack down in a bid to empower retirement village residents.
Minister for Innovation and Better Regulation Matt Kean MP has announced a new package of reforms to give the power back to retirement village residents.
The plan will put consumers first by making contracts more transparent, giving residents the tools to compare costs, and cracking down on providers through a compliance blitz.
Unscrupulous retirement village operators in NSW will be targeted under a suite of reforms, "cracking down" on the industry recently linked to allegations of unfair practices.
Minister for Better Regulation Matt Kean will announce the package on Sunday, highlighting a four-point plan designed to protect retirement village residents from potentially dodgy practices.
"This plan will put consumers first by making contracts more transparent, giving residents the tools to compare costs, and cracking down on providers through a compliance blitz," he said.
After being elected as Member for Hornsby in March 2011, I have embarked on many initiatives that the community and I see as pivotal issues for Hornsby. I see and understand the needs of the community and am proud to play my part.
