Is government policy on retiree housing simply self-defeating? Short term boost to spending but giant hit to existing problem, Aged Care Funding and the impact on the budget and taxpayers. #agedcare #agedcarerc @MichaelWestBiz @acccgovau @JoshFrydenberg @AlboMP @annabelcrabb pic.twitter.com/OMEmSkk5NY
— Les Scobie (@retvilldotnet) July 26, 2019
Tuesday, 30 July 2019
Retiree Housing Policy & Aged Care Funding
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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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