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

Thursday 25 July 2019

Morrison to Prioritise Pensions Over Newstart

WAtoday reports -

Morrison government to prioritise pensioners over Newstart recipients.

"Pensioners will be prioritised ahead of unemployed Australians for any boost to welfare payments as the Morrison government stands firm against growing demands to lift the Newstart allowance.

Prime Minister Scott Morrison has told colleagues returning the budget to surplus is his "number one priority" and any future increase in welfare payments will be directed towards the 2 million Australians on the aged pension."




Aged pensioner says sorry to Australian Prime Minister Scott Morrison.
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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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