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.

Sunday, 16 December 2018

Flawed Vic Retirement Village Legislation For Evacuation

Property Price Falls Dangerous For Retirement Village Residents

Deferred Management Fee Really Paid On Entry

What Retirement Village Industry Really Looks Like To Retirees

Regulatory Gaps Allow Unfair Practices In Retirement Villages

Retirement Villages Greatest Untouched Consumer Issue

No Support For Retirement Living Ombudsman From Vic Labor

Saturday, 1 December 2018

Labor Divided On Retirement Living Ombudsman

Retirement Villages Can Swallow Your Nest Egg

Retirement Village Deferred Management Fee

Retiremenr Villages - Greatest Untouched Consumer Issue

Retirement Villages Increase Aged Care Tax Burden

The Retirement Village Negative Financial Impact

Retirement Villages The Real Cost

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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