Following the ABC Four Corners program earlier this year, the Queensland Government embarked on a plan to amend various pieces of housing legislation in response to the issues raised in the program. On 25 October 2017 that resulted in the passage through the Queensland Parliament of legislation to address the concerns raised.
Much focus has been on the changes to the Retirement Villages Act 1999. However, changes are also set for a number of other housing laws including the Manufactured Homes (Residential Parks) Act 2003 and the Residential Tenancies and Rooming Accommodation Act 2008.
In respect to Retirement Villages, amongst other things, the new law will provide for:
- Simplified contracts;
- More transparent fees and charges;
- A minimum 21 days to evaluate the contract before signing; and
- A compulsory ‘buy back’ period for payment of a resident’s exit entitlement to 18 months.
It is worth noting however, that there are various references throughout the legislation to ‘approved forms’ and ‘regulations‘. These have not yet been released and, at this stage, no timeframes have been issued. However, we will be providing regular updates as new information is released.
As is so often the case, the devil will be in the detail once these further measures surface.
For further information about how these changes might affect you, please contact our Aged Care and Retirement Villages team at CRH Law on 07 3236 2900.