Wednesday, 4 April 2018

Advocate Launches Retirement Village Reform Petition

Advocate Launches Retirement Village Reform Petition - The Weekly Source reports.

"The new wave of Consumer Advocacy: 
Victoria-based retirement village advocate Les Scobie is asking all State Governments for a range of reforms including:
  • Greater fairness in ‘financial outcomes’ for village residents;
  • Total revision of all retirement villages legislation;
  • The appointment of an industry Ombudsman;
  • An amendment to the legislated definition of a retirement village to allow for Residential Tenancies Agreements; and
  • Banning the Deferred Management Fee (DMF) model where the in-going fee does not reflect a “relevant discount” to the asking price of a similar property in the community. "
Read the full story here - The new wave of Consumer Advocacy

Advocate Launches Retirement Village Reform Petition - https://www.communityrun.org/petitions/retirement-village-reforms

Advocate Launches Retirement Village Reform Petition

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