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Michelle Palmer: Retirement Villages Association Executive Director on the amendment of the Retirement Villages Act 2003

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Manage episode 522722995 series 2098280
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

The Retirement Villages Association is calling out the Government for issuing a double whammy against the sector.

Newly announced Retirement Villages Act 2003 amendments include ensuring money on a unit is paid back within a year after a resident leaves.

Interest will also be payable after six months if a unit remains empty.

Association Executive Director Michelle Palmer told Ryan Bridge the moves could seriously jeopardise the sector.

She says they were the ones who suggested the interest element, which the Government has taken and then topped with the full repayment at 12 months.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

4661 episodes

Artwork
iconShare
 
Manage episode 522722995 series 2098280
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

The Retirement Villages Association is calling out the Government for issuing a double whammy against the sector.

Newly announced Retirement Villages Act 2003 amendments include ensuring money on a unit is paid back within a year after a resident leaves.

Interest will also be payable after six months if a unit remains empty.

Association Executive Director Michelle Palmer told Ryan Bridge the moves could seriously jeopardise the sector.

She says they were the ones who suggested the interest element, which the Government has taken and then topped with the full repayment at 12 months.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

4661 episodes

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