Vic Labor Refuses Retirement Living Ombudsman

It is difficult to understand why the @DanielAndrewsMP @MarleneKairouz @timpallas @rwynnemp government is so adverse to protecting older vulnerable Victorians in retirement villages and retirement housing. #vicvotes2018 pic.twitter.com/u96GVonSwy

— Les Scobie (@retvilldotnet) October 28, 2018

NSW Labor Says Yes To Retirement Living Ombudsman

NSW Labor says YES yet Victorian Labor says NO, not interested.
https://t.co/n8QULG1IaJ via @Luke_FoleyNSW

— Les Scobie (@retvilldotnet) October 28, 2018

Retirement Villages Under State Laws.

Just for those who are confused or have been misinformed. @squinty64 @badministrator9 Victorian government is responsible for #retirementvillage and #retirementliving laws. https://t.co/w4VUlDr3IZ pic.twitter.com/vTv5KbA0GW

— Les Scobie (@retvilldotnet) October 28, 2018

Andrews Government Says No Retirement Living Ombudsman

Only the @DanielAndrewsMP government doesn't want a Retirement Living Industry Ombudsman. @MarleneKairouz @timpallas @rwynnemp #vicvotes18 @PeterWalshMP @CraigOndarchie @amy_bainbridge @acccgovau pic.twitter.com/lyE6rBgiLQ

— Les Scobie (@retvilldotnet) October 25, 2018

Deferred Management Fee Should Be Restricted

The Deferred Management Fee for #retirementvillages should be restricted to Not For Profits inclusive of an entry $ discount to property value ratio that reflects the DMF fee % @adele_ferguson @MichaelWestBiz @amy_bainbridge @MichaelPascoe01 @AlanKohler #auspol #acccgovau @sdanck pic.twitter.com/3WP7XoN6hA

— Les Scobie (@retvilldotnet) October 23, 2018

NO to a Retirement Village

Why we decided NOT to move into a retirement village.

In an article at www.oversixty.com.au retiree Dorothy Webster has dipped her toes into retirement village living. Here she explains why you must do the maths before signing the dotted line.

After spending a working life paying off your mortgage and/or accumulating savings, there comes a time when you wonder how you are going to live in old age without parting with your hard-earned capital? I have been investigating the choices for retirement.

There is the lifestyle choice of going to live in a retirement village but the terms can vary considerably. Some places I researched are a bit kinder, you purchase the property and when it is sold you get the capital gain less a commission for selling it. Both of these options have a weekly fee for the use of services such as swimming pool, club house, workshop etc.

The villages in Australia have a variety of terms so it pays to read the small print. They also have contracts that require exit fees when you leave. They all expect you to leave the property in excellent condition so a coat of paint and either a commercial carpet clean or replacement is also at your cost.

However, if you go into a village as husband and wife and one of you becomes ill and needs to be moved into the care facility the costs will increase substantially. You will still have to pay the weekly fee for your property and use of their facilities plus you could have to find approximately $1000 a week for care of your spouse. When they are getting the capital gain as well you could soon see your life savings disappearing fast.

If you are thinking about moving to a village I would advise you to make a list of advantages and disadvantages and check out their contracts and do the sums. After all it took most of your lifetime to earn it so do not be easily parted with your home or savings.

The full article can be read here - https://www.oversixty.com.au/finance/retirement-income/why-we-decided-not-to-move-into-a-retirement-village

Aged Care RC Need to Examine Retirement Villages

Two critical reasons #retirementvillages needed to be part of the Aged Care RC - They are the new low care aged care so Commonwealth laws needed, retirement village residents become more dependent on taxpayer funding for aged care as their capital base is reduced. @adele_ferguson pic.twitter.com/ozZmOPDcKi

— Les Scobie (@retvilldotnet) October 22, 2018

Evidence Shows Clear Need For Retirement Ombudsman

.@DanielAndrewsMP government policy of no Retirement Living Ombudsman flies in the face of clear evidence for one. @LidiaThorpeMP @MatthewGuyMP @FionaPattenMLC @TheNationalsVic @JulianFidge @TammyLeeAtkins @JennyJenocon @timpallas @rwynnemp #vicvotes18 #vicvotes #vicpol #springst pic.twitter.com/SCYXzEIAVB

— Les Scobie (@retvilldotnet) October 21, 2018

Vic Retirees Seek Support For Ombudsman

Victorian retirees seeking support for a Retirement Living Industry Ombudsman. @DanielAndrewsMP government members have turned their back on older Victorians. @LidiaThorpeMP @MatthewGuyMP @FionaPattenMLC @TheNationalsVic @JulianFidge @TammyLeeAtkins @JennyJenocon #vicvotes18 pic.twitter.com/aNoSZhaYP0

— Les Scobie (@retvilldotnet) October 21, 2018

No Room for Retirement Living Ombudsman

The @DanielAndrewsMP government is promising a tunnel to everywhere but has no room in their hearts to protect older Victorians with a Retirement Living Ombudsman. @LidiaThorpeMP @DanielAndrewsMP @MarleneKairouz @MatthewGuyMP @heidivic @FionaPattenMLC @JaclynSymes #vicvotes18 pic.twitter.com/WKNEKHiDIm

— Les Scobie (@retvilldotnet) October 21, 2018

Excessive Capital Loss Suffered By Retirees

Table below shows the excessive loss of capital suffered by older Australians after entering a defined retirement village. @DanielAndrewsMP @MatthewGuyMP @FionaPattenMLC @JaclynSymes @JulianFidge @TammyLeeAtkins @Tim_McCurdy #vicvotes18 #vicvotes #vicpol #springst @wangchronicle pic.twitter.com/XSV8w3xy5M

— Les Scobie (@retvilldotnet) October 19, 2018

Deferred Management Fee Harms Retirees

Deferred Management Fee for #retirementvillages should be restricted to NFP with an entry $ discount to property value ratio reflecting DMF fee %. @LidiaThorpeMP @DanielAndrewsMP @MarleneKairouz @MatthewGuyMP @heidivic @FionaPattenMLC @JaclynSymes #vicvotes18 #vicvotes #springst pic.twitter.com/NNiPmHGaon

— Les Scobie (@retvilldotnet) October 18, 2018

Retirement Village Residents hurt by Falling Property Prices

Falling property prices create sting in tail for #retirementvillage residents. Contracts with capital gains also demand payment for capital losses. Even less to fund their own Aged Care. @MichaelWestBiz @amy_bainbridge @albericie @MichaelPascoe01 @acccgovau #auspol @KenWyattMP pic.twitter.com/RgP6afKanT

— Les Scobie (@retvilldotnet) October 18, 2018

Victorians to Decide

Only 37 days to the Victorian Election. Which party will defend retirees against flawed legislation, a Deferred Management Fee business model left over from the 60's stripping away their asset base and capacity to fund their own aged care? #vicvotes18 #vicvotes #vicpol #springst pic.twitter.com/Nz8hsov5FQ

— Les Scobie (@retvilldotnet) October 17, 2018

Victorian Retirees Demand Ombudsman

Retirees demand an Ombudsman for the Retirement Living industry. @LidiaThorpeMP @DanielAndrewsMP @MarleneKairouz @MatthewGuyMP @heidivic @FionaPattenMLC @JaclynSymes @JulianFidge @TammyLeeAtkins @Tim_McCurdy @timpallas @rwynnemp #vicvotes18 #vicvotes #vicpol #springst pic.twitter.com/KEv3JlLlrq

— Les Scobie (@retvilldotnet) October 17, 2018

Loss of Intergenerational Wealth

Sums up the Retirement Village industry beautifully. "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 multinationals." #vicvotes #vicpol #vicvotes2018 #springst pic.twitter.com/CYtLKgEt3U

— Les Scobie (@retvilldotnet) October 16, 2018

Loss of Intergenerational Wealth through Retirement Villages

Sums up the Retirement Village industry beautifully. "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 multinationals." #vicvotes #vicpol #vicvotes2018 #springst pic.twitter.com/CYtLKgEt3U

— Les Scobie (@retvilldotnet) October 16, 2018

Andrews Government Makes Political Mistake

Governments make mistakes. The @DanielAndrewsMP @MarleneKairouz @timpallas @rwynnemp @JaclynSymes government have made a political mistake by not supporting a #retirementliving Ombudsman. One vote can lose an election and there is more than one retiree in Vic. #vicvotes #vicpol pic.twitter.com/eNVpmWFQFX

— Les Scobie (@retvilldotnet) October 15, 2018

Retirement Village Operators Hide Behind Flawed Legislation

Victorian governments protect retirement village operators through flawed legislation allowing operators to take lifetime savings off retirees under the guise of "retirement accommodation". @LidiaThorpeMP @DanielAndrewsMP @MatthewGuyMP @FionaPattenMLC #vicvotes #vicpol #springst pic.twitter.com/Q6Mle4BGid

— Les Scobie (@retvilldotnet) October 15, 2018

Victoria Needs Retirement Village Ombudsman

Retirement Living Ombudsman for Victoria? @MatthewGuyMP says YES, @FionaPattenMLC says YES, @LidiaThorpeMP says YES, @DanielAndrewsMP government says NO. Decision time for all Victorians, particularly retirees, is near. @heidivic @MarleneKairouz @JaclynSymes #vicpol #springst pic.twitter.com/R1PeGxR38B

— Les Scobie (@retvilldotnet) October 14, 2018

Aged Care Royal Commission Excludes Retirement Villages

Two reasons Retirement Villages should have been part of Aged Care Royal Commission, they are the new low care aged care so Commonwealth laws needed, the residents become more dependent on taxpayer funding for aged care as their capital base is reduced. #agedcarerc #agedcare @smh pic.twitter.com/Vf0UwR0z75

— Les Scobie (@retvilldotnet) October 14, 2018

Demand Staffing Ratios For Aged Care

Believe in staffing ratios for Aged Care facilities? - Take this link - https://t.co/TvBt8aR6pL - Let your political representative know how you feel, link has easy way to send them a letter. https://t.co/I4jAwlIdI0 @KenWyattMP @ScottMorrisonMP #auspol #agedcarerc #agedcare

— Les Scobie (@retvilldotnet) October 12, 2018

Retirement Villages Left Out Of Aged Care Royal Commission

.@KenWyattMP @ScottMorrisonMP left#retirementvillages out of #agedcarerc. Retirement Villages are becoming the new low level Aged Care. This leaves vulnerable older Australians under a jumble of State laws. EG Victoria, no mandated evacuation plan. @DanielAndrewsMP @sdanck pic.twitter.com/N3rDHCwl5h

— Les Scobie (@retvilldotnet) October 11, 2018

Retirement Villages Becoming Low Level Aged Care

Retirement Villages are becoming the new low level Aged Care. @KenWyattMP @ScottMorrisonMP leave #retirementvillages out of #agedcarerc. The negative $ impact of this on resident capacity to fund their own aged care will come at a substantial cost to future budgets and taxpayers. pic.twitter.com/cW99GXCyIK

— Les Scobie (@retvilldotnet) October 10, 2018

Retirees Want Retirement Living Ombudsman

Retirees want an Ombudsman for Retirement Living sector, @MatthewGuyMP says YES, @FionaPattenMLC says YES, @LidiaThorpeMP says YES, @DanielAndrewsMP government says NO. Retirees to decide who to support on November 24. @heidivic @MarleneKairouz @JaclynSymes #vicpol #springst pic.twitter.com/MQv1ShIN0Z

— Les Scobie (@retvilldotnet) October 9, 2018

Loss of Capital Base in Retirement Villages

Interested in Retirement Village living.- This table indicates the direction of your capital base as opposed to staying in the family home. Future aged care cost? @adele_ferguson @abc730 @ACurrentAffair9 @theprojecttv @Matt_KeanMP @M_McCormackMP @acccgovau @Bowenchris #auspol pic.twitter.com/nLR2xtR0Ra

— Les Scobie (@retvilldotnet) October 8, 2018

State Government Flawed Retirement Village Legislation

State Governments through flawed 'ingoing amount' legislation build a dream of life in a #retirementvillage but far too often create a financial nightmare by making Grandma and Grandpa become corporate financiers. https://t.co/cf7hYwecE9 @Matt_KeanMP @MarleneKairouz @acccgovau pic.twitter.com/HHlgNYI2FX

— Les Scobie (@retvilldotnet) October 6, 2018

Sums Up Retirement Villages

Sums up #retirementvillage industry beautifully "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 multinationals." Tom Gait President RVRA @GladysB @Luke_FoleyNSW #smh #nswpol pic.twitter.com/Rv66daD1sd

— Les Scobie (@retvilldotnet) October 5, 2018

Property Price Danger for Retirement Village Residents

DANGER - RETIREMENT VILLAGE RESIDENTS - Falling property prices create sting in the tail for #retirementvillage residents. Where contract of occupancy grants them access any capital gains, it also requires of them to make good any capital losses. @Matt_KeanMP @MarleneKairouz pic.twitter.com/C7x7Rhvhov

— Les Scobie (@retvilldotnet) October 5, 2018

Aged Care Royal Commission Must Examine Retirement Villages

The excessive negative capital impact on retirees paying for conditional occupancy in retirement villages means they subsequently require greater aged care funding from taxpayers. pic.twitter.com/8o6cLwObw2

— Les Scobie (@retvilldotnet) October 1, 2018

Chance For New Retirement Village Model

A new Retirement Village model? Well it should be! Victoria needs to change the Retirement Village laws so it can be. @LidiaThorpeMP @DanielAndrewsMP @MarleneKairouz @MatthewGuyMP @heidivic @FionaPattenMLC @JaclynSymes @timpallas @rwynnemp #vicpol #springst @Assemble_AUS https://t.co/oIGxre9UWu pic.twitter.com/BS3M7bYoNQ

— Les Scobie (@retvilldotnet) September 30, 2018

Only 54 Days to Victorian Election

54 days til Victorian retirement village residents express a view through the ballot box as to efforts or the lack of the @DanielAndrewsMP government in #retirementvillage reforms and an industry Ombudsman. @LidiaThorpeMP @MatthewGuyMP @heidivic @FionaPattenMLC #springst pic.twitter.com/vVHChgobds

— Les Scobie (@retvilldotnet) September 30, 2018

Retirement Villages Now Quasi Aged Care

With home care packages retirement villages now quasi aged care @KenWyattMP @GregHuntMP Financial impact on retirees in retirement villages means greater aged care funding from taxpayers. Aged Care Royal Commission must examine impact on budget. @CatherineKingMP @JulieCollinsMP pic.twitter.com/gMbW8qxUs0

— Les Scobie (@retvilldotnet) September 30, 2018

Legislators Need To Act

Legislators, would you tolerate this #retirementvillage scenario for your own mum & dad. Why do you let it happen to any mum and dad. @GladysB @Matt_KeanMP @Luke_FoleyNSW #NSWpol @DanielAndrewsMP @MarleneKairouz @heidivic #vicpol #springst pic.twitter.com/o9VAsDvOMo

— Les Scobie (@retvilldotnet) September 29, 2018

Build to Rent to Buy

Victorian law prevents this concept being a retirement village. Victorian retirees suffer excessive capital losses as a result of inaction of the @DanielAndrewsMP @MarleneKairouz government. @LidiaThorpeMP @timpallas @rwynnemp @MatthewGuyMP @heidivic @FionaPattenMLC #springst pic.twitter.com/rTX2W8IV7A

— Les Scobie (@retvilldotnet) September 29, 2018