The event, which is exclusively available to participants in the DCM Institute’s professional development program, will form part of the consultation process for changes to The Retirement Villages Regulation 2025.
NSW Fair Trading wants stakeholders to have a say on the proposed changes and DCM Institute’s Lunch ‘N’ Learn will feature Jasmine Chin, Senior Policy Officer, NSW Fair Trading, and Craig Bennett, NSW RVRA President, and Roger Pallant, NSW RVRA Vice President, with James Wiltshire, DCM Institute Executive Director, as moderator.
Operators and residents are encouraged to provide feedback to the prosed changes through the NSW Government’s dedicated website by 12 March.
The key changes are:
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Significant revisions to asset management plan requirements, including:
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Reducing the amount of information operators must record in the retirement villages asset register.
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Replacing the current 3-year capital maintenance report with a 1-year report, integrated into the annual budget process.
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Shifting from recording the “effective life” of capital items to documenting their “remaining effective life” for better accuracy.
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Additionally, the proposed Regulation seeks to clarify existing laws, ensuring that critical information is presented in a clear and accessible format.
The virtual event is on Wednesday from 12.30pm to 1.15pm, exclusively for participants in the DCM Institute’s professional development program.