Carol Shepherd: Retirement Village Residents Council spokesperson on financial rights changes - Heather du Plessis-Allan Drive

The Government announced some changes to retirement villages today following thousands of submissions. 

The changes aim to support residents by giving the villages a specific timeframe of 12 months to repay residents after they vacate a unit. 

Until now there was no repayment deadline. 

Retirement Village Residents Council spokesperson Carol Shepherd told Heather du Plessis-Allan, "to be realistic and pragmatic we wanted some definition, some definite time frame about when we could get our money back, and 12 months seems to be a logical time frame."

LISTEN ABOVE

See omnystudio.com/listener for privacy information.