Proposed changes to Retirement Villages Act 2003

04/12/2025 16:46 NZDT, GENERAL

4 December 2025

Proposed changes to Retirement Villages Act 2003

Oceania acknowledges the importance of the proposed changes to the Retirement Villages Act. They provide clarity and certainty to residents, their families and the Operators of Retirement Villages.

Oceania already operates within the parameters proposed by the Government. We buy back villas, apartments and care suites within a 12-month period and pay interest to residents from the 6-month mark and do not charge fees or accrue any deferred management fee from the time of vacant possession.

Our focus remains on supporting our residents to live well, with confidence and peace of mind.

This announcement has been authorised for release by the Chair of the Oceania Board.

ENDS

For all enquiries, please email investor@oceaniahealthcare.co.nz or phone 0800 333 688.