Photo: RNZ / Giles Dexter
Changes planned for the Retirement Villages Act should help to reduce the amount of time that some people have to wait for their money back when they leave a retirement village.
Changes to the Act have been long-signalled, and a long time coming, since a review into the law more than two years ago.
Around 100 residents came to Parliament last month to advocate for changes.
Among their key concerns were that there needed to be a buyback timeframe, as there was currently no deadline for operators to repay residents, or their families, once they had left the village.
Some residents and their families have complained of long waits before a unit is resold.
Associate Housing Minister Tama Potaka said the changes, which will go through a full legislative process, would strengthen
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