The Transfer of Intergenerational Wealth

"Families need to be aware that what we are talking about here is the transfer of intergenerational wealth, not to families, but into the pockets of large multi-nationals.

Shame about elderly people not having enough money for aged care."

Tom Gait, Retirement Village Residents Association.

Saturday, 28 April 2018

DSCV Partner With VCAT in Retirement Village Disputes

Victorian Civil Administrative Tribunal and Dispute Settlement Centre of Victoria announce an official partnership program between the two agencies.

DSCV and VCAT will be enhancing access to justice for everyday Victorians through the Civil Mediation at VCAT program.

"The program will expand into regional areas over the next four years, with the first region being Barwon South West which will include matters heard at Geelong and Warrnambool.

Initially, the claim threshold for civil matters deemed suitable for mediation will be up to $3,000, gradually increasing over the four years to include matters up to $15,000.

To support this, the listing of civil claims suitable for mediations will be expanded over time to five days per week.

“We are incredibly excited to work with our colleagues at VCAT to deliver a responsive and appropriate dispute resolution service for Victorians,” said DSCV Director Dahna Bond. “This program will deliver real benefit to the community by helping people resolve their issues in a timely and effective manner.”

To contact the DSCV team at VCAT, please visit our contact us page, or email the team."

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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.


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