Last updated 11 August 2016
Retirement villages in Queensland are governed by the Retirement Villages Act 1999 (Qld) (Retirement Villages Act).
The overriding aim of the Retirement Villages Act is to require greater transparency and accountability of each retirement village scheme both in respect to current and prospective residents. It creates extensive obligations for disclosure of information by operators (through a public information document) and sets up comprehensive requirements as to:
- how people enter into a retirement village
- the registration of retirement village schemes
- the regulation of the relationship between the operator and the residents
- the control of weekly fees
- the establishment of funds for maintenance and capital replacement of the village
- a dispute resolution process
- the process for people leaving a retirement village.