Thursday, 29 March 2018
Legislators Fail to Understand Retirement Village Industry
Victorian legislators failed retirees with an inability to fully understand the Retirement Village industry, the Deferred Management Fee business model, operators that defied the law, the regulator Consumer Affairs Victoria who failed to regulate, minister Marlene Kairouz who failed to administer.
Subscribe to:
Post Comments (Atom)
Function of Government
The role of government is to create an environment for commerce to function whilst at the same time protecting retirees and particularly vulnerable retirees from both financial and emotional harm emanating from that function.
The Victorian Retirement Villages Act 1986 provides the environment for commerce to function but fails to fully protect retirees from financial and emotional harm as a result of it.
The Victorian legislative definition of a retirement village in demanding the payment of an 'in-going' amount without the transfer of property ownership is a major contributor to that financial and emotional harm suffered by retirees.
Popular Posts
-
Making The Home Accessible For many seniors, making a home accessible after they’ve suffered an accident or health issue is imperative ... -
The ABC reports - For almost a decade, pensioners Trish Reece and her husband Wayne have been living in a gated village in Shepparton in reg...
-
R etirement villages swallow vulnerable people’s money. In an article published by The Senior online magazine, one person who suffered at t...
No comments:
Post a Comment