"Living in a retirement village has the capacity to be a great lifestyle decision, sadly it also has the capacity to be your very worst financial decision." - RETVILLDOTNET.
An example for a village with the Deferred Management Fee calculated on the ingoing $$$.

"My father must have been one of the few people who lost money when he sold his home in a booming Melbourne property market. This huge loss on his home, in a popular suburb not far from the CBD, was despite it selling for more than he paid for it. The problem? He bought into a retirement village." - Diana Thorp. Sunday Herald Sun. 22/08/21
An example for a village with the Deferred Management Fee calculated on the outgoing $$$.

Wednesday 19 September 2018

Aged Care Staffing Ratio Campaign

The Australian Nursing Midwifery Federation is mounting a campaign to secure staffing ratios in Aged Care facilities.

They are asking Australians to let their political representatives know how they feel on the issue. You can do so via this link - http://timeforruby.anmf.org.au

"There’s a law that means there’s one carer for every four toddlers in childcare. But in aged care, there are no staff ratio laws to protect elderly Australians like Ruby. Our nurses and carers do an amazing job, but they need your help. Go to http://timeforruby.anmf.org.au to let your federal politician know that they can’t ignore the issue any longer. We need staff ratio laws for aged care NOW."


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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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