Retirement Village Residents Association of New Zealand
Retirement from work is no longer retirement from life. In fact, it’s the opposite - a ‘second life’ where growth, learning and discovery become more important, not less. People can enjoy the retirement village lifestyle whether they are 65 or 90 years of age.
Retirement villages offer access to facilities and services that lead to improved health outcomes and greater social interaction than would be possible in a general residential setting.
The RVRANZ protects the rights of retirement village residents in New Zealand
The focus is on the Retirement Villages Act 2003 and the Retirement Villages Code of Practice 2008.
The Act defines the rights of retirement village residents when they commit to a Occupation Right Agreement with the owner of the retirement village, in which they purchase a licence to occupy a villa, cottage, or apartment.
It’s important that RVRANZ spokespeople have a genuine mandate to speak on behalf of the resident body, rather than pursuing issues of importance to an individual.
Submissions on Amendments to the Code of Practice
For several months a sub-committee of the National Executive has been preparing proposals for amendments to the Code, regulations and Act. They were submitted to the Retirement Commissioner at a meeting in Auckland on 11 July and at a meeting with MBIE officials in Wellington on 25 July.
The subcommittee concluded it would be wise to avoid any legislation changes at this stage, as it would entail a lengthy Parliamentary process.
Changes to the Code are able to be signed off by the Minister after his approval of recommendations to him by the Retirement Commissioner and the Minister’s policy advisers. The sub-committee therefore concentrated on a few key issues in order to expedite the process
Monitoring the Effectiveness of Statutory Supervisors
CFFC commissioned Mobius Research and Strategy Ltd for this report.
The effectiveness of supervision by Statutory Supervisors has become a major concern and may adversely affect the interests of residents in the future. The industry landscape is changing as many villages now have fixed fees or CPI linked fees which result in operators being responsible for all operational costs and maintenance so residents become more complacent. The sub-committee has presented a response to the Financial Markets Authority, which licenses the Statutory Supervisors, to the MBIE and the Retirement Commission.
Check out the New Eligibility Guide
Not sure what help you might be eligible for?
Then check out the new online eligibility guide from the Ministry of Social Development.
The guide will take you through a series of simple questions about your circumstances, your family, children, income, health, expenses and living situation.
Once you have answered all the questions you will get a list with details of the services you may be able to get, along with an estimate of how much you might qualify for. You can then view further information about these services and how to apply.
The guide is very user-friendly and will work on any computer or mobile device. It does not keep any of the information you enter.
Need extra help?
Some people may be eligible for extra help with their NZ Super, like the Accommodation Supplement, Disability Allowance or Temporary Additional Support. In these situations, the guide is a great first step to understanding what may be available to you, and how to access it.
If you don’t have access to a computer, you can contact the Seniors line on 0800 552 002.
For more information or to access the guide go to http://check.msd.govt.nz
if you would like to talk about any matter concerningWe are interested in hearing your views.
Click here to open the contact form for sending your message.
Or by email
Use this address to send us an email:
July 2018 Newsletter
Assistance with Downsizing
Euthanasia Bill Hearings
Cheaper Doctors Visits
Financial Abuse Advice
New Residential Care Rates
JLL Report on the Retirement Sector
Future Care and Assistance
Enduring Power of Attorney (EPA)
Lending Money to Family
Click here for Region details
Village residents are encouraged to form a local village association if you have not done so. To assist with this, please find a Model Constitution for you to adapt and adopt
Rental Units in Villages
The growth in retirement villages as a housing option is one which is largely open only to people who have been home owners. But a growing number of older people will be living in rental accommodation in the future – based on a declining trend in home ownership.
Have you ever wondered about the prospect of retirement villages offering rental accommodation?
None have been built recently because of the cost and a low potential return. See here, for an interesting article: