Legislative Council Fifty-Fourth Parliament, Second Session (54-2) 54 2 Parliament of South Australia Legislative Council published Answers to Questions Retirement Villages Retirement Villages The Hon. J.A. DARLEY Legislative Council Retirement Villages In reply to the Hon. J.A. DARLEY (9 September 2020). The Hon. R.I. LUCAS Legislative Council Retirement Villages The Hon. R.I. LUCAS (Treasurer): The Attorney-General has advised: In anticipation of the joint committee's report and with regard to budget and time line requirements, the Valuer-General engaged with the service provider, Land Services SA (LSSA), to undertake preliminary work required for implementation, noting that such works would be required regardless of what recommendations were tabled by the joint committee. Since the joint committee's recommendations were tabled in late 2019, the Valuer-General has been progressing the relevant work to implement her preferred valuation approach as adopted by the joint committee. In order to implement the preferred approach, a new Valuer-General's policy is being formulated. To assist in formulating this policy and the necessary work required for implementation, the Valuer-General has: been consulting with SA Water and SA Health; been working with an independent subject matter expert to define valuation methodologies; undertaken preparatory work to formulate the policy for implementation of the preferred approach; analysed registered retirement villages and operator information, including liaising with SA Health to confirm accurate data is sourced from their database, and to ensure retirement villages not previously on SA Health's database are identified; undertaken preliminary analysis of all independent living units; prepared communications to registered owners and operators; and sourced relevant information by way of landowner returns. The Valuer-General has further instructed LSSA to commence a body of work including, but not limited to, consultation with registered owner/operators, detailed property data collection, identification of relevant assessment information, (e.g. mixed use properties and common/communal facilities for the purposes of apportionment, and other components such as undeveloped land), and identification of assessments that need creating, rebuilding or removal. With work well underway, the Valuer-General is aiming to have the valuation adjustments in place for 2021-22. The work to implement the preferred approach is being delivered within the scope of the $15.45 million revaluation initiative project which is on schedule for completion with the 2021-22 general valuation. The Treasurer has advised the Valuer-General that his office is taking carriage of the response to the joint committee's recommendations and will consult with the Valuer-General accordingly. In the meantime, the Valuer-General continues to progress the relevant work and consultation processes required to ensure implementation in 2021-22.