From September 2026, retirement village operators in Victoria will be required to prepare and maintain Capital Maintenance Plans under the Retirement Villages Amendment Act. While the new requirements introduce additional compliance obligations, they also provide an opportunity for operators to improve asset management practices, strengthen long-term financial planning, and make more informed decisions about maintenance and replacement expenditure.
At the National Retirement Living Summit, MDFM’s Account Director, Jess Johnson, spoke with Hello Leaders about the upcoming changes, lessons learned from the NSW rollout, and practical steps operators can take to prepare.
Watch the interview below:
What is covered in the video?
- An overview of the new Capital Maintenance Plan requirements in Victoria.
- Similarities and differences between the Victorian and NSW legislative frameworks.
- Lessons learned from the implementation of asset management planning requirements in NSW.
- Common challenges operators may face when developing Capital Maintenance Plans.
- The importance of establishing a reliable asset register as the foundation of compliance.
- How operators can use existing software platforms and systems to support compliance.
- Why Capital Maintenance Plans should deliver operational value and better decision-making, not just satisfy legislative requirements.
- Practical steps providers can take now to prepare for implementation.
Need Help Preparing for the New Requirements?
MDFM works with retirement village operators across Australia to develop asset registers, asset management plans and Capital Maintenance Plans that support both compliance and long-term asset decision-making.
For more information about the Victorian requirements or to discuss your organisation’s readiness, contact our team.