That a Select Committee be appointed to inquire into and report on the Retirement Villages Act 1987, and in particular –
I. Whether –
(a) the objectives of the Act remain appropriate;
(b) the current definitions within the Act remain appropriate;
(c) the Act makes clear the obligations of residents and administering authorities;
(d) the Act provides for adequate contractual disclosure to enable residents to make an informed decision about entering a retirement village and whether standardisation of contracts would increase transparency and assist residents in their decision-making process;
(e) the Act ensures sufficient contractual disclosure and transparency of fees a resident will be responsible for when leaving a village;
(f) the Act provides adequate certainty, accountability and transparency for residents about their financial obligations;
(g) the Act provides sufficient transparency and consultation with residents on recurrent charges, increases in these charges and other costs for which residents are responsible;
(h) the Act provides sufficient provisions to protect the interests of residents in the event a village enters financial difficulties and whether there are sufficient provisions to enable the continued operation of a village which is in financial difficulty or which is being mismanaged;
(i) the Act provides a timely, informal and cost-effective process for resolving disputes between administering authorities and residents;
(j) the Act provides sufficient powers of investigation and compliance to the body responsible for its administration; and
II. The relationship between the Act and other South Australian and Commonwealth legislation, including the Aged Care Act.