Latest / Early Edition with Ryan Bridge / Brian Peat: Retirement Village Residents Association national president on their push to reduce the repayment process to three months

Transcript

Brian Peat: Retirement Village Residents Association national president on their push to reduce the repayment process to three months · Early Edition with Ryan Bridge

• 0:00
  Speaker 1: So surprise election pledged from Labor yesterday. They promised that
• 0:03
  Speaker 1: retirement village residents will get their money back within three
• 0:06
  Speaker 1: months of leaving if it's elected. There was a big signature,
• 0:09
  Speaker 1: big petition, forty thousand signatures went to Parliament. Here's hipkins.
• 0:14
  Speaker 2: We will make sure the law has changed so that
• 0:16
  Speaker 2: you get your money back within three months, and that
• 0:19
  Speaker 2: all residents will get their money back as well, including
• 0:23
  Speaker 2: those who are currently in the villages.
• 0:27
  Speaker 1: Brian Pete, Retirement Village Residents Association National President, was at
• 0:31
  Speaker 1: Parliament yesterday, joins me this morning. Brian, good morning, Good morning, Ryan,
• 0:35
  Speaker 1: how are you very well? Thank you, you'll be pleased
• 0:37
  Speaker 1: with that promise.
• 0:39
  Speaker 3: Yesterday was massive, Rian, it really was. We've been pushing
• 0:43
  Speaker 3: for this review of this Act for eight years and
• 0:46
  Speaker 3: to hear that announcement from the Labor Party and yes
• 0:49
  Speaker 3: they're in opposition, but was just huge. And this is
• 0:54
  Speaker 3: what we've really been pushing for. For our repayment of
• 0:56
  Speaker 3: our moneys no longer than three months and it must
• 0:59
  Speaker 3: apply totis. That's all we've ever asked for in this
• 1:02
  Speaker 3: review of that and National or the coalition government now
• 1:07
  Speaker 3: has to step up. That's the challenge because we're not
• 1:10
  Speaker 3: going to give up on this review. Believe me, right.
• 1:12
  Speaker 1: Now, I was led to believe that the coalition that is,
• 1:16
  Speaker 1: we're going to do twelve months.
• 1:20
  Speaker 3: Yeah, yeah, you're right. So currently there there's no date
• 1:23
  Speaker 3: in the in the in the current act for repayment
• 1:26
  Speaker 3: of our dollars at all. So now the coalition have
• 1:29
  Speaker 3: suggested twelve months time from maximum timeframe of twelve months
• 1:33
  Speaker 3: to repay our dollars, which is a step forward because
• 1:36
  Speaker 3: I've never wanted a date ever. But we're saying, sorry,
• 1:40
  Speaker 3: that's not good enough. We want the money no longer
• 1:42
  Speaker 3: than three to four months, and it must apply to
• 1:45
  Speaker 3: existing residents because currently the current proposal does not apply
• 1:49
  Speaker 3: to us who are in villages now, and it's just discrimination.
• 1:52
  Speaker 3: That the worst scenario, and it's kind. We just can't
• 1:57
  Speaker 3: allow it to happen.
• 1:57
  Speaker 1: Because you have hamstrung. But is there problem because the
• 2:00
  Speaker 1: other issue that it was raised with me about this
• 2:02
  Speaker 1: is that there's the big operators and then there's the
• 2:05
  Speaker 1: smaller operators. And this if the smaller operators can't on
• 2:08
  Speaker 1: sell the units, then they are potentially going to see
• 2:11
  Speaker 1: themselves go bust.
• 2:13
  Speaker 3: Well, there's no evidence of that Ryan at all, and
• 2:16
  Speaker 3: it's the RBA, which is the parent body for most
• 2:19
  Speaker 3: of the operators. If they can produce evidence that this
• 2:21
  Speaker 3: will happen, they will have to listen to it. But
• 2:23
  Speaker 3: there's no evidence whatsoever. Because New South Wales they've had
• 2:26
  Speaker 3: legislation in place for twenty seven years the operators must
• 2:30
  Speaker 3: pay back in six months and there's no operator has
• 2:33
  Speaker 3: failed because of it. And the other aspect is the
• 2:37
  Speaker 3: average for repayment now is about six months, So why
• 2:42
  Speaker 3: can't the government say, well, how about we do six
• 2:45
  Speaker 3: months and then we'll consider something along those lines. But
• 2:48
  Speaker 3: to say twelve months, it's just not acceptable and to
• 2:51
  Speaker 3: not apply to existing reasons is just awful.
• 2:54
  Speaker 1: Brian Pete, Retirement Village Present Association, National President.
• 2:58
  Speaker 2: For more from Early Edition with Ryan Bridge, listen live
• 3:01
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• 3:04
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