Labour backs faster retirement village payouts that Government's reform plan lacks

Labour's Members Bill, backed by a 40,000-signature Consumer NZ petition handed to Ingrid Leary on 23 June, would require retirement village operators to pay residents 10% or $50,000 within five working days of leaving. The Government's proposed Retirement Villages Act changes mandate full repayment within twelve months but include no interim payment clause. For residents funding aged care from home sale proceeds, the gap matters financially.