Would he consider reducing the repayment time, from 12 months down to three months, after vacating retirement villages, if there was evidence from New Zealanders to support this; if not, why not?

Answer

No, because a three-month maximum repayment timeframe (MRT) would result in substantially increased costs for operators that would then be passed on to residents through significantly increased upfront capital costs, weekly fees and higher fixed deductions. In addition, such a short MRT is likely to put the financial stability of retirement villages at risk and compel operators to reduce the level of services, amenities, and maintenance in villages. A reduction in amenities would impact negatively on the enjoyment and living standards of current residents. It could also have a negative impact on aged care services and the development of new villages.