The @DanielAndrewsMP government is moving toward a review of the #retirmentvillages Act. Governments have been here before and failed. Will @MarleneKairouz and @consumervic get it right this time. Sadly history says they won't. #vicpol #springst @michaelobrienmp @VictorianLabor pic.twitter.com/T8YGsBNw8V
— Les Scobie (@retvilldotnet) September 12, 2019
Monday, 23 September 2019
Victorian Retirement Village Legislative Review
Subscribe to:
Post Comments (Atom)
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.
Popular Posts
-
There can be a dramatic impact over time on the $ value of the refundable amount (in-going cost minus the deferred management fee) repayable... -
The Aged Care Royal Commission and - The need for the royal commission to examine the negative impact retirement villages have on t... -
As the cost to simply lease a unit in a Retirement Village moves ever closer to the purchase cost of a commensurate unit within the general ...
Labels
- 4 Corners
- ACCC
- Aged
- Aged Care
- Aged Pension
- Ageing at Home
- Aging in Place
- alzheimers
- Ambassador
- auction
- Australia
- Aveo
- Average Resident Comparison Figure
- CALC
- capital
- capital gains
- capital loss
- carers
- Code of Conduct
- Commissioner
- Commonwealth Government
- Consumer Affairs Victoria
- Contracts
- Cost
- Deeming
- Deferred Management Fee
- Detailed Calculator
- DSCV
- Election
- Emergency
- emotional
- Evacuation
- Fair Trading Dpt.
- Family Home
- Fees
- financial
- Government Inquiry
- Goverrnment
- harm
- Home Care
- Housing
- in-going amount
- Industry
- Kiva
- Legislation
- Lendlease
- life savings
- Loan
- LSIC
- Lying
- Misleading
- Morrison
- New South Wales
- Newstart
- Ombudsman
- Pensioner
- Poverty
- Profit Driven
- property
- Queensland
- Reform.
- Reforms
- Refurbishment
- Rent Assistance
- Residential Tenancy
- retirees
- Retirement
- Retirement Living
- Retirement Village
- Royal Commission
- seniors
- State Government
- State Laws
- Stockland
- Taxi
- Taxpayer
- VCAT
- Victoria
No comments:
Post a Comment