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Asset management for retirement villages

Topic: Regulation

Fair Trading NSW is seeking feedback on a proposal to introduce asset management plans for retirement villages.

What's this about?

The discussion paper arises from the 2017 Greiner Report's recommendation that the government applies conditions on village operators to each develop an asset register to increase transparency.

The paper outlines proposed requirements for asset management plans, including provisions for maintenance, repair and replacement of assets. This is part of the NSW Government’s broader reforms to ensure the retirement village sector provides communities with affordable and secure accommodation options.

Have your say

There are two ways to submit your feedback:

Have your say by Friday 29 November 2019.

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Topic: Regulation
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