Fair Trading (Retirement Villages Code)

Fair Trading (Interim Retirement Villages Code) Regulations 2020

The Interim Code of Fair Practice for Retirement Villages 2020 is intended to promote fair trading principles and good business practices in the industry whilst taking into account the interests of the most important people involved, the residents.
For example, the law does not limit the type or amount of fees charged by the village however it does require that you receive information before you sign a residence contract about all ongoing village operating costs payable by the residents of a village and the basis for determining any future variation of these costs.