In Queensland, if a resident wishes to leave a retirement village, the provider is not required to pay back any money for a whopping 18 months. This can leave retirees and their families at risk financially.

Today, state ministers will meet for the Consumer Affairs Ministers Network meeting.

Chris Grice, the CEO of National Seniors Australia, believes this is a prime opportunity for the newly elected state government to amend the legislation regarding the payback period.

Mr. Grice told Dean Miller on 4BC Afternoons, “This is about making this issue out there in circulation.”

“We’ve got this inconsistency right across the country and Queensland is one of the key states where we have some good operators that are providing the money back to their residents in a six-month period… but we have got a big chunk of them who aren’t,” Mr Grice said.

Hear more highlights from 4BC Afternoons below: 

Image: Canva/iStock

Download this podcast here