Retirement Village Operators:
Are you ready for a change in regulations?
In NSW, all operators of retirement villages must prepare and keep up-to-date an asset management plan that complies with the Retirement Villages Act 1999 and the Retirement Villages Regulation 2017.
These regulations will soon become standard for all Australian states, are you prepared?
Click here to see what the plan must include
01
An Asset Register of the village’s major items of capital, including information about the effective life of items of capital.
02
A maintenance schedule of the village’s major items including tracking maintenance and repair of each asset.
03
Operators must also prepare a three-year report for capital maintenance extracted from the asset management plan to inform expenditure for the annual budget.
NSW Requirements
All the features you need to be compliant and run a successful operation!
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TESTIMONIAL
Your trusted financial advisor
Asset Journey, being compatible with Office 365 makes using this programme easy, with options to download to Excel spreadsheets that can be tailored to your specific Village needs. A fantastic program that is workable, accessible and affordable.
Manager, Wangi Shores Retirement Village
We were audited by the Department of Fair Trading, we passed due to Asset Journey.
Manager, Beauty Point Retirement Resort
The team at Asset Journey are more than obliging when it comes to making changes, adding new supporting functions and providing explanatory ‘step-by-step’ guidelines to assist.
