Government is to introduce legislation amending the Timeshare Act in the next session of Parliament.

The news follows claims in the Senate by UBP Tourism spokesman Kim Swan that Government had forgotten about the issue. He pointed out that timeshare owners who bought years ago were worried they might lose their property as their 25 years leases are up soon.

He said timeshare owners were Bermuda?s ultimate repeat visitors because they had a vested interest and other countries had given timeshare owners much better terms.

Yesterday Tourism Minister Ewart Brown told : ?Senator Swan might be right when he says that some timeshare owners are worried about their leases.

?This is a complex issue whose solution is made more difficult by the wide spectrum of opinion among the timeshare owners themselves.

?We are working on this and have never put it aside since I became Minister.

?Those who say ?nothing has been done? probably mean that the legislative changes have not been done yet.

?The intended changes will include most of what the owners want and some of what the Government wants, but I would predict there will be those who will not be completely satisfied.?

He said he was ?committed to introducing the timeshare legislation in the next session of Parliament?.

In 2002 then-Tourism Minister Renee Webb promised to amend the legislation to allow timeshare owners to own for longer periods.

Timeshare members at the St. George?s Club had complained bitterly that their fees kept going up but they faced losing their investment.