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The Act Review summary
The table below shows the key components of the review we are undertaking.
Each component has some important sub-components which are described in detail in the Discussion Paper.
Have a read through the Discussion Paper and the questions and get involved!
| Retirement Villages Act key component | Sub-components within each topic |
|
1. Before moving into a village |
Deposits |
| Disclosure statement | |
| Information to be provided before a person can sign a residence contract | |
| Disclosure period before signing a contract | |
| Cooling-off period | |
| Repayment of an in-going contribution if a resident cools-off | |
| Premises condition report | |
| Purchasing residences off the plan | |
| Settling-in period | |
|
2. Matters relating to living in a village |
Financial matters:
|
|
Process for an increase in recurrent charges:
|
|
| Consultation with a residents’ committee | |
| Other financial requirements – surplus and deficit policy | |
|
Proceedings at meetings of residents:
|
|
|
Consultation with residents:
|
|
|
Disputes:
|
|
| Lease of land in a retirement village | |
| Rental tenants in retirement villages | |
|
Health and safety:
|
|
|
3. Leaving a village |
Termination of a resident’s right to reside in a retirement village |
| Notice to vacate but remain in occupation | |
|
Remarketing of a residence:
|
|
|
Refurbishment or reinstatement of a residence:
|
|
| Leaving a retirement village to enter aged care | |
| Payment of recurrent charges for six months after vacating a village | |
|
Payment of exit entitlement:
|
|
| Exit fees | |
|
4. Miscellaneous/other issues |
Endorsement of certificates of title |
|
Villages with multiple sites |
|
| Definitions in the Act | |
| The requirement for an ingoing contribution | |
| Abandoned goods | |
| Exemptions | |
| Terminating a retirement village scheme | |
| Enforcement of legislation | |
| Home care services in retirement villages |
Upcoming key dates
Fri, 26 Mar 2021 at 5:00 PM
CLOSING DATE: Review of the Retirement Villages Act 2016
Get Involved
Discussion
Do you think South Australia's Retirement Villages Act is meeting its intended objectives?
Survey
Retirement Villages Act online submission
