Client: Ministry for Housing and Urban Development
To support the Ministry of Housing and Urban Development's review of the Retirement Villages Act, we conducted cost benefit analyses (CBAs) focussing on two key areas: changes to financial exit terms in Occupation Right Agreements (ORAs) and options for establishing a new dispute resolution regime, including an independent oversight body for complaints.
The CBA development process involved creating intervention logic maps to identify and assess potential costs and benefits, evaluating these against the status quo counterfactual, and determining which impacts could be quantified and monetised. The analysis considered how costs and benefits would be distributed across stakeholders including retirement village operators, residents and their families, and government agencies. Where monetisation wasn't possible, we provided qualitative analysis.
The resulting CBA report was published alongside a discussion document in August 2023. MartinJenkins also developed a financial model and PowerBI tool to support RBNZ's decision-making process.
