The changes to retirement village laws will apply from March 1.

Under the new laws, retirement facilities will need to have annual management meetings between residents and operators, something Fairview already prides itself on.

There will also be changes to the way operators keep recurrent charges increases at or below the rate of inflation.

Fairview chief executive officer Brett Arthur said these two were among the standards already met by Fairview.

“I have been here for three years,” he said.

“In that time we haven’t increased the recurrent charges at all.”

He said they already made allowances for residents to make repairs or adjustments to their living space, with the approval of Fairview operation.

They also hold annual safety inspections and have maintenance staff on site.

Other changes to the laws include a “settling in” period for residents, already in place at Fairview, and a residents’ committee. Mr Arthur said while at this stage it seemed they already met or exceed all the updated standards, any minor changes that may need to occur would be put into place within Fairview operation.

Anyone wanting more information about the changes can visit the NSW Fair Trading webstie http://www.fairtrading.nsw.gov.au /Tenants_and_home_owners/Retireme nt_villages/Reforms_to_retirement _village_laws.html