Sat, 02/08/2008

Mary Porter has announced she is reviewing the legislation that covers ACT Retirement Villages.

“I have become aware that the ACT is the only Australian jurisdiction which does not have specific Retirement Village legislation, Mary commented.

“As we live longer this will be a growing issue for us all. Many more people are choosing the security of buying residences in retirement villages and I am investigating whether we need specific legislation that will more appropriately protect those purchases."

Currently, residents of retirement villages fall under the Fair Trading Act (1992) and the Retirement Villages Industry Code of Practice (1999).

Following research of legislation in other jurisdictions undertaken by Mary, and in listening to the experiences of many who are living in retirement villages at a number of forums, it has emerged that many residents would like their special circumstances considered.

“The elderly are amongst the most vulnerable in our community,” Mary explained, “so I have conducted forums to explore the experiences of consumers and have also sought the views of village operators to ensure they are all adequately protected.”

Among the issues raised at the forums were financial management, disclosure of information and dispute resolution processes.

Mary plans to table a discussion paper in the Legislative Assembly during the August sittings which she hopes will then promote further discussions.

Further information is on Mary Porter’s website www.maryporter.net and online submissions may also be made.