Peter Carr, president of the Retirement Villages Residents Association of New Zealand, says residents want to level the playing field with retirement village owners. Retirement village residents have put pen to paper and fingers to keyboards in their hundreds to back a major revamp of the law governing retirement villages. READ MORE:* Consumer NZ warns of retirement villages' 'financial sting'* Proposal to make retirement villages share capital gains with residents* Low income retirement village residents able to claim rates rebatesA full review of the legislative framework for retirement villages has been recommended by new Retirement Commissioner Jane Wrightson who published a white paper in December on it. Supplied Peter Carr, pictured talking to members of the Retirement Villages Residents Association, says retirement village owners will fight “tooth and nail” not to give residents a share of capital gain. .Examine how the presence of care services changes the nature of a retirement village and whether the definition of a retirement village needs to change to include more lifestyle developments.

Source: Stuff March 16, 2021 16:52 UTC