Flawed Vic Retirement Village Legislation For Evacuation

Looming fire season highlights safety issue in Victorian #retirementvillages. It is not mandatory under Vic retirement legislation for operator to have an emergency evacuation plan or assembly point. @sdanck @DanielAndrewsMP @MarleneKairouz @consumervic @michaelobrienmp #vicpol pic.twitter.com/LZ3tMcUGc0

— Les Scobie (@retvilldotnet) December 11, 2018

Property Price Falls Dangerous For Retirement Village Residents

Falling property prices create sting in tail for #retirementvillage residents. Contracts with capital gains also demand payment for capital losses. @DanielAndrewsMP @MarleneKairouz @michaelobrienmp #vicpol @GladysB @Matt_KeanMP @michaeldaleyMP #NSWpol pic.twitter.com/5MWs5gs86z

— Les Scobie (@retvilldotnet) December 10, 2018

Deferred Management Fee Really Paid On Entry

#retirementvillage Deferred Management Fee paid on entry - The industry charges an in-going amount on entry for a lease not ownership then claims you don't pay DMF until exit. Hello, you paid it on entry. No cheque is written on exit. @MarleneKairouz @michaelobrienmp @consumervic pic.twitter.com/pYvAEJbtcF

— Les Scobie (@retvilldotnet) December 9, 2018

What Retirement Village Industry Really Looks Like To Retirees

What the #retirementvillage industry really looks like to many retirees. Few legislators understand this dramatic reduction in their capital wealth. Even @ScottMorrisonMP & @Bowenchris are not identifying the long term impact on their ability to fund their own aged care costs. pic.twitter.com/qLDGKZNINs

— Les Scobie (@retvilldotnet) December 8, 2018

Regulatory Gaps Allow Unfair Practices In Retirement Villages

Legislative and Regulatory gaps allow unfair practices to occur in the #retirementvillage industry. Village residents have told Governments where they are but they simply don't listen. @DanielAndrewsMP @MarleneKairouz @VictorianLabor @michaelobrienmp #vicpol pic.twitter.com/O8spwEAt4p

— Les Scobie (@retvilldotnet) December 7, 2018

Retirement Villages Greatest Untouched Consumer Issue

NSW Govt passes first round of legislation following Greiner inquiry. Victorian Govt passes hot air. NSW Labor will introduce an industry Ombudsman, Victorian Labor says NO. @GladysB @Matt_KeanMP @michaeldaleyMP @NSWLabor @DanielAndrewsMP @MarleneKairouz @VictorianLabor #vicpol pic.twitter.com/otPVgbdyXy

— Les Scobie (@retvilldotnet) December 5, 2018

No Support For Retirement Living Ombudsman From Vic Labor

Such a shock that @VictorianLabor under premier @DanielAndrewsMP and the relevant minister @MarleneKairouz are so seduced by the industry that they do not support protecting older vulnerable Victorians by establishing an Industry Ombudsman unlike @NSWLabor for theirs. #vicpol https://t.co/tYRE5ijNHe

— Les Scobie (@retvilldotnet) December 3, 2018

Labor Divided On Retirement Living Ombudsman

NSW Labor supports a Retirement Living Industry Ombudsman, sadly Victorian Labor does not. @GladysB @Matt_KeanMP @michaeldaleyMP @NSWLabor #NSWpol @DanielAndrewsMP @MarleneKairouz @VictorianLabor #vicpol pic.twitter.com/1VWbKXUHGg

— Les Scobie (@retvilldotnet) November 30, 2018

Retirement Villages Can Swallow Your Nest Egg

How retirement villages can swallow your nest egg - https://t.co/M4hWs4wWlW @acccgovau @ACurrentAffair9 @abc730 @MarleneKairouz @GladysB @Matt_KeanMP

— Les Scobie (@retvilldotnet) November 30, 2018

Retirement Village Deferred Management Fee

Why the Deferred Management Fee retirement village model should no longer exist. Dramatic capital value reduction not because the housing market crashed just because the retiree unknowingly chose to live in a #retirementvillage. @acccgovau @ACurrentAffair9 @abc730 @MarleneKairouz pic.twitter.com/jfxiI8OgRq

— Les Scobie (@retvilldotnet) November 30, 2018

Retiremenr Villages - Greatest Untouched Consumer Issue

The greatest untouched consumer protection issue of this century? RETIREMENT VILLAGE RORT states Professor Fels and calls for urgent enforcement action from governments and regulators. https://t.co/kOKbt0pyHz @MarleneKairouz #vicpol @acccgovau @consumervic pic.twitter.com/9pfguHU6sj

— Les Scobie (@retvilldotnet) November 29, 2018

Retirement Villages Increase Aged Care Tax Burden

Increased burden on taxpayer for Aged Care costs from payment structure for Retirement Villages - Retirees can - lose 40% of their capital base, no access to capital gain. pay maintenance, selling and renovation costs, all on a property they do not own, only a right to occupy. pic.twitter.com/hpshFhT6AA

— Les Scobie (@retvilldotnet) November 28, 2018

The Retirement Village Negative Financial Impact

The #agedcarerc must look at the negative impact payment for accommodation in a #retirementvillage has on the capacity of older retirees to fund or even contribute toward their own aged care costs @adele_ferguson @MichaelWestBiz @amy_bainbridge @albericie @MichaelPascoe01 #auspol pic.twitter.com/dXY2Zs1B7x

— Les Scobie (@retvilldotnet) November 28, 2018

Retirement Villages The Real Cost

The real cost of retirement villages, a must watch for all retirees considering. https://t.co/RHysTAnnfk If you don't understand the decimated impact of the Deferred Management Fee and your 'lost opportunity cost' then it is essential to seek professional advice. #vicpol @sdanck

— Les Scobie (@retvilldotnet) November 26, 2018