Retirement lobby ‘categorically opposed’ to mandatory buybacks
The Retirement Village Association has made a 198-page submission responding to proposed changes to law governing the sector.
The RVA said it supported some changes suggested by the Ministry of Housing and Urban Development.
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The retirement village industry is warning that requiring operators to return capital to residents within a specific timeframe could cause some smaller operators to become insolvent.
It was just one of the points the Retirement Villages Association, which represents 96% of the country’s
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