On 24 June 2020, the NSW Government announced its final position in relation to the reforms to the retirement living sector announced in 2019. The Government states that its reform seeks to establish a balanced framework to outline both parties’ obligations when a resident leaves their home and the premises is on the market. However, what does this mean for operators and what do you need to know?
In this webinar, our experienced retirement living team will discuss how this will affect operators in relation to compulsory buy-back of units, capping recurrent charges when a registered interest holder moves out and supporting residents’ transition into aged care.
These NSW reforms may impact upon the liquidity of operators, debt financing for developing villages and resale prices of units - which we will discuss in the session.
This live webinar will provide an overview of the proposed NSW Government reform and how it may impact your operations.
Our panelists will also cover:
- The timeframes for compulsory buy-backs, if the operator has not unreasonably delayed the sale
- Registered interest holders’ recurrent charges capped at 42 days
- How operators can facilitate a seamless transition into aged care
- The crucial differences between the discussion paper released in July 2019 and the proposed reforms made on 24 June 2020
- Implications these reforms will have on the liquidity and governance of operators
Joining us will be Rosemary Southgate, Donna Rayner, Rohan Harris, Sylvia Mansour and Lee Be.
Opportunity to submit your questions to be answered in the live Q&A
You have the opportunity to submit questions before the webinar. Please submit any questions to email@example.com.
We are utilising Zoom to run this webinar. Zoom is free to download and can be viewed from your PC/mobile device.
The live webinar is free to attend and attendees will be sent a link to log into the live webinar room 15 minutes before the scheduled start time.
DATE: Thursday 2 July 2020
TIME: 11:00 am – 12:00 pm AEST
COST: This webinar is free to attend but bookings are essential as places are limited.
To register for this online webinar click the button below:
Register for the webinar here