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.

Tuesday, 21 May 2019

Government Denies Rent Assistance To Retirees.

Destruction of Retiree Capital from Retirement Villages

Australian Taxpayers Fund Profits Of Retirement Village Operators

Retirement Villages Produce Worst Financial Outcome

Deferred Management Fee Fails Retirees

Vic LSIC Inquiry Into Retirement Villages Failed Retirees

Victoria Lagging On Retirement Village Reforms

Capacity to Mislead Retirees

Tuesday, 14 May 2019

Misleading Language and Retirement Villages

Capacity To Mislead Language & Retirement Villages

Aged Care Royal Commission & Retirement Villages

Industry Needs Definition of Retirement Village.

Friday, 10 May 2019

Light Bulb Change Fee Cancelled

How Grandma and Grandpa Become Corporate Financiers

State Retirement Village Legislation Flawed.

Consumer Advocates Critical of LSIC Report

LSIC Committee Gets It Wrong

Retirement Village Charge to Change a Light Bulb

Primary Features of a Retirement Village

Commonwealth Laws For Retirement Villages?

Saturday, 4 May 2019

Victorian Retirement Living Retirees Least Protected.

Danger for Retirement Village Residents

Dilemma for Cashed Up Retirees

Victorian Legislators Fail Retirees

Decimation of Retiree Capital

Feared Regulator

Retirement Village or Residential Tenancy or Family Home

Retirement Villages Or Residential Tenancy

Retirement Villages Negative Impact On Aged Care Budget

Retirement Village can Decimate Retiree Capital

Retirees Can Wait 18 Months

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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