Minister for Housing and Public Works Mick de Brenni says Queensland Labor is providing added certainty and security for retirees, regardless of the type of tenure they have over their homes.
Seniors leaving retirement villages should not have to wait more than 18 months to receive their funds after they decide to leave Mr de Brenni says.
Association of Residents of Queensland Retirement Villages Vice President Michael Fairbairn agrees that seniors in this position often depend on these funds to pay for their next place of accommodation, such as aged care.
Queensland Labor is changing the rules so people who terminate their right to reside in retirement villages will be paid for their homes after 18 months, even if it’s not yet sold. This change will provide Queensland seniors with peace of mind in their retirement years.