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.
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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