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What is the justification, if any, for applying some reforms, under the proposed changes to the Retirement Villages Act, to existing contracts, but not others? and 2 other questions

Answered 17298, 17316, 17369 (2026)
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Asked by

Ingrid Leary

Member for Taieri · Labour Party

Questions

  • 17298

    Question published

    What is the justification, if any, for applying some reforms, under the proposed changes to the Retirement Villages Act, to existing contracts, but not others?

  • 17316

    Question published

    Why are some provisions of the proposed changes to retirement village capital repayment laws, to be applied to existing contracts, and others not?

  • 17369

    Question published

    Why are some provisions of the proposed changes to the Retirement Villages Act, to be applied to existing contracts and others not?

Answered by

Hon Tama Potaka

Member for Hamilton West · National Party · Associate Minister of Housing

Answer

Commencement of changes and whether the changes should apply to existing occupation right agreements (ORAs) take into account: • fairness and consumer protection for residents (including the views of the Commerce Commission), • whether the changes codify best practice or present low or minor costs for operators, and • application and commencement timeframes to allow sufficient time for agencies and operators to implement and comply with the changes.