Under the Retirement Villages Act 1986, Section 19, Retirement Villages Regulations 2026, Regulations 11-22, every retirement village in Victoria must provide a Retirement Village Information Statement in the same standardised format. Prospective residents can use information statements to compare retirement villages on a like-for-like basis.
It is designed to provide prospective residents with information to make an informed decision about whether to move into this village. It covers the costs of entering, living in and leaving; the services and facilities available; and important details about how the village operates.
Information statements must be updated at least every 12 months and as soon as possible after any change to the information provided.
Part A: Village-level information –Provides information about the village and operator including about any owners corporation, types of contracts and tenure, village facilities and services, the number and types of residential premises, future developments, security and emergency assistance systems, insurance arrangements, financial management, residents committee and village rules.
Part B: Village fees and charges – Provides information on fees and charges to be paid on entry, while living in the village, and when you leave
How to access Village Information Statement for different villages?
Every retirement village must publish their information statement on their village’s website.
The operator of a retirement village must also provide the information statement:
- at the request of a prospective resident within seven days,
- with any targeted promotional material, and
- at least 21 days before a resident enters into a residence or management contract in respect of the village.
Official Form for a Village Information Statement
A Village Information Statement must be completed using a form that was approved by the Director, Consumer Affairs Victoria under section 19 of the Retirement Villages Act 1986. All retirement village information statements must be in this form. Every retirement village must publish their information statement on their village’s website.
Where can prospective residents get help or more information?
If prospective residents need help understanding the Village Information Statement or want more details about retirement village living in Victoria, they can contact Consumer Affairs Victoria for information and assistance by visiting www.consumer.vic.gov.au or calling 1300 55 81 81.
Finding More Information
Other documents and information are available to help inform prospective residents. Operators must provide the following documents to prospective residents at least 21 days before entering into a management contract:
- a draft residence contract and management contract for the village
- the village by-laws and a document under which a resident agrees to observe the by-laws, and promises to pay an entry payment or a recurring charge for the provision of goods or services by the operator
- financial statements as presented at the most recent annual meeting of the residents.
