Moving Beyond Compliance

A practical guide for Retirement Living Operators for compliance and beyond

White Paper bought to you by AssetFuture

As the NSW population ages, the retirement living industry continues to play a vital role in meeting the housing needs of seniors who are looking for a safe, secure and low maintenance lifestyle. Following the Inquiry into the NSW Retirement Village Sector (Greiner, 2018), led by Kathryn Greiner, AO., the NSW Government introduced mandated reforms to improve the governance and operation of retirement villages – including requirements for Asset Management Plans (AMPs). 

This white paper explores the role of Asset Management within the Retirement Living sector, outlines the current regulatory obligations in NSW, and provides a step-by-step approach to achieving and maintaining compliance. It also considers the relevance of these practices to the Residential Aged Care sector. While not currently mandated there, many operators are choosing to adopt AMP processes proactively to optimise cost, risk, and performance across their asset portfolios and set a “High-Bar” for the availability to current, accurate asset data to support planning and forecasting activities organisation-wide 

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