Retirement Village Operators Seek Profits But Cost Protections

Retirement Village operators - Enter commerce for all the financial rewards but at the same time seek and are granted legislative protections from aspects of that activity they don't like. @MarleneKairouz @consumervic #springst #vicpol #retirmentvillages @NSW_FairTrading #nswpol pic.twitter.com/5PulW1m37t

— Les Scobie (@retvilldotnet) January 27, 2020

Retirement Village Operators Protected by Governments

Who can take a loan from a retiree but not pay it back when due. Even worse are protected by law from not paying it back when due? Retirement Village operators can. @MarleneKairouz @consumervic #springst #vicpol #retirementvillages @NSW_FairTrading #nswpol pic.twitter.com/04mEfSAoTX

— Les Scobie (@retvilldotnet) January 27, 2020

Property Developers Favoured Over Homeless

One in five govt-owned homes fail minimum standards and the amount of annual tax subsidies paid to property investors ($11.8 billion) is more than double the amount governments spend on housing and homelessness ($5 billion). Where are our priorities?https://t.co/Sww6aflYkx pic.twitter.com/VQn2xFpwGm

— Housing for the Aged (@HAAGHomeAtLast) January 26, 2020

Longer Wait For Senior Australians

Senior Australians face longer wait times to get into aged care https://t.co/V9WPkIOj0h

— Dr Eileen Webb (@Eily19Webb) January 27, 2020

Australia Needs to Decide on Franking Credits Cash Refunds

Australia needs to decide. #raisetherate #newstart #frankingcredits #imputationcredits #agedcare #auspol pic.twitter.com/Z6tEan9iz3

— Les Scobie (@retvilldotnet) January 25, 2020

Reality of Franking Credits Cash Refunds

They can fill twitter with all the rubbish, mis-information they like but this is the reality of government policy on imputation credits cash refunds. Somebody (92%) pay or goes without so somebody (8%) can receive. #imputationcredits #frankingcredits #auspol pic.twitter.com/50YU4r0rgC

— Les Scobie (@retvilldotnet) January 25, 2020

Australia Alone On Franking Credits Cash Refund?

Can anyone give me the names of other countries that refund #frankingcredits / #imputationcredits credits in CASH. #auspol pic.twitter.com/Io7qqt90fF

— Les Scobie (@retvilldotnet) January 24, 2020

Margin Lending Up Post 2019 Election

Stock market is up, Margin Lending is up. Nothing to do with Franking Credits Cash Refunds surely. #raisetherate #newstart #frankingcredits #imputationcredits #agedcare #auspol pic.twitter.com/eutrJ6onFf

— Les Scobie (@retvilldotnet) January 23, 2020

High Growth In Franking Credits Cash Refunds

Growth in Franking Credits cash refunds 2001 - 2015, imagine where it is 2019 - 2020. #frankingcredits #imputationcredits #auspol pic.twitter.com/uBXz8DcBPo

— Les Scobie (@retvilldotnet) January 23, 2020

Somebody Has To Pay

'Somebody Has to Pay' says Joe Hockey. Well yes we do, franking credit cash refunds divert company tax revenue away from Aged Care, Hospitals, Schools, NDIS, Newstart. #raisetherate #newstart #frankingcredits #imputationcredits #agedcare #auspol pic.twitter.com/btX9wuxes2

— Les Scobie (@retvilldotnet) January 23, 2020

Franking Credits Cash Refunds

"A shareholder with no further tax liability gets cash back at the expense of Government revenue for Aged Care, Education, Hospitals, NDIS, Newstart is surely social and economic nonsense." #raisetherate #newstart #frankingcredits #imputationcredits #agedcare #auspol @TimWilsonMP pic.twitter.com/N3OTVCTn2K

— Les Scobie (@retvilldotnet) January 22, 2020

In Victoria No Mandatory Evacuation Plans For Retirement Villages

Victoria does not have mandatory evacuation plans for #retirementvillages #lifestylevillages, fortunately for these people NSW does. https://t.co/t36vQxVdMB @DanielAndrewsMP @MarleneKairouz @consumervic #springst #vicpol

— Les Scobie (@retvilldotnet) January 22, 2020

Franking Credits Cash Refunds Hurt Tax Revenue

Franking Credits take $6 billion dollars per year out of government revenue. Even the Aged Care industry itself states they only need $1.3 billion over the next 18 months to fix aged care. #frankingcredits #agedcare #agedcarerc #auspol pic.twitter.com/3IKkkp9DBA

— Les Scobie (@retvilldotnet) January 19, 2020

Hit to Company Tax Revenue from Imputation Credits

Franking Credits take $6 billion dollars per year out of government revenue. Even the Aged Care industry itself states they only need $1.3 billion over the next 18 months to fix aged care. #frankingcredits #agedcare #agedcarerc #auspol pic.twitter.com/3IKkkp9DBA

— Les Scobie (@retvilldotnet) January 19, 2020

Franking Credits Stole Tax Bonanza

How Franking Credits Stole the Tax Bonanza. https://t.co/GWHAGW8G9i #frankingcredits #agedcare #agedcarerc #auspol

— Les Scobie (@retvilldotnet) January 19, 2020

Time for Rethink on Imputation Credits?

Time for a complete rethink on franking credit cash refunds? #frankingcredits #agedcare #agedcarerc #auspol pic.twitter.com/SYirKiaQTj

— Les Scobie (@retvilldotnet) January 19, 2020

One Third of Pensioners in Poverty

One-third of Australian pensioners live in poverty: OECD report https://t.co/XJtYTNMs0p

— Lex de Grauw (@opa1420) January 17, 2020

Failure to Acknowledge Retirement Village Lived Experience

A review of the Victorian #retirementvillage Act is on in 2020. They haven't listened to the lived experience before, what will it take to get them to do so now. @DanielAndrewsMP @MarleneKairouz @consumervic #springst #vicpol pic.twitter.com/dgRDfcsLdG

— Les Scobie (@retvilldotnet) January 15, 2020

Legislators Simply Tinker at the Edges

Yes legislators simply tinker at the edges, lacking the real courage required. Poorly advised by bureaucrats and generally ignoring what the lived experiences and advocate bodies tell them, eg the LSIC Inquiry 2017. @DanielAndrewsMP @MarleneKairouz @consumervic #springst #vicpol https://t.co/R1qLPUiLnN

— Les Scobie (@retvilldotnet) January 15, 2020

BBC Visual Guide to Australian Bushfires

Australia fires: A BBC visual guide to the bushfire crisis. Not about politics, just about the fires. https://t.co/8DsKsy5osz #auspol

— Les Scobie (@retvilldotnet) January 14, 2020

Rebuke for Aged Care Minister

Extraordinary rebuke from Aged Care Royal Commission chair against the federal government which falsely claimed the #agedcareRC supported move to privatise aged care assessment teams. They never did. Story from Nov in the thread. https://t.co/73EbNHMKLB pic.twitter.com/uBLpix851z

— Rick Morton (@SquigglyRick) January 14, 2020

74% of Retirement Village Residents Non Owners

74% of retirement village residents do not occupy their units on a freehold basis, merely granted a lease or licence to occupy, despite paying big bucks to enter. @DanielAndrewsMP @MarleneKairouz @consumervic #springst #vicpol @Tim_McCurdy pic.twitter.com/ZdRh4AN2Ot

— Les Scobie (@retvilldotnet) January 12, 2020

Government Action Needed

The @DanielAndrewsMP @MarleneKairouz government needs to act on retirement village law. No current mandatory emergency evacuation plans. Save their lives first before issue of culpability. @consumervic #springst #vicpol pic.twitter.com/SALLm6prGP

— Les Scobie (@retvilldotnet) January 10, 2020

Taxpayer Aged Care Burden Increased

Federal Government retirement housing policy gives incentives to downsize into a #retirementvillage but ultimately places great pressure on #agedcare funding and the taxpayer. #agedcare #agedcarerc @JoshFrydenberg @richardmcolbeck @MichaelSukkarMP @acccgovau #auspol @HelenHaines1 pic.twitter.com/Kl52x1O0Xm

— Les Scobie (@retvilldotnet) January 9, 2020

Growth and Innovation Guaranteed

The Victorian gov't and Minister @MarleneKairouz feels the need to ensure a commercially based #retirementvillage industry can 'innovate and grow'. Since when is ensuring success of private enterprise an obligation of government. @DanielAndrewsMP @consumervic #springst #vicpol pic.twitter.com/ZbeE47qUvZ

— Les Scobie (@retvilldotnet) January 9, 2020

72% of Retirement Villages Commercially Owned

72% of retirement villages are owned by 'for-profit' operators. The days of the 'benevolent' operator discounting the entry cost by the amount of the 'deferred fee' are well past. @DanielAndrewsMP @MarleneKairouz @consumervic #springst #vicpol @Tim_McCurdy pic.twitter.com/0A2umv85nh

— Les Scobie (@retvilldotnet) January 9, 2020

Loss of Capital Savings

Retirement village residents can lose up to 45% of their in-going payment in a so named 'deferred fee' without ever gaining ownership of their unit but still pay the 'ownership' costs like maintenance costs, renovation costs, selling costs, administration costs. #springst #vicpol pic.twitter.com/sJwZeVKJwD

— Les Scobie (@retvilldotnet) January 8, 2020

Property Responsibilities but no Benefits

Retirement Village residents have all the financial responsibilities of 'property ownership' like maintenance costs, renovation costs, selling costs, administration costs without ever having 'property ownership'. @DanielAndrewsMP @MarleneKairouz @consumervic #springst #vicpol pic.twitter.com/gzMu24vodr

— Les Scobie (@retvilldotnet) January 8, 2020

No Legal Protection For Resident Committees

No legal protection for Retirement Village resident or social committees in Victoria. South Australia can do it why not Victoria. @DanielAndrewsMP @MarleneKairouz @consumervic #springst #vicpol pic.twitter.com/pbad1nF2VN

— Les Scobie (@retvilldotnet) January 7, 2020

Retirement Village Disaster Risk

Disaster Waiting to Happen - A 153 unit retirement village in North East Victoria has no emergency evacuation plan or assembly point - Why? Because the @DanielAndrewsMP @MarleneKairouz government says it doesn't have to. @bordermail @PRIME7Border @WINNews_Alb @wangchronicle pic.twitter.com/HAAxdQwBUC

— Les Scobie (@retvilldotnet) January 7, 2020

State of Disaster in Victoria

STATE of DISASTER - Disaster waiting to happen. A 153 unit village retirement village in North East Vic has no emergency evacuation plan or assembly point. Why? Because Victorian law says it doesn't have to. @DanielAndrewsMP @MarleneKairouz @consumervic @ABCGM #springst #vicpol pic.twitter.com/pr1et1p1of

— Les Scobie (@retvilldotnet) January 4, 2020

Victorian Retirement Village Residents Seeking Reforms

Victorian retirement village residents are demanding meaningful reforms. Previous governments have failed retirees, does this current government have the political courage to push back against industry lobbying. @DanielAndrewsMP @MarleneKairouz @consumervic #springst #vicpol pic.twitter.com/vKOGaTTfM9

— Les Scobie (@retvilldotnet) January 3, 2020

Retirement Villages Transfer of Wealth Away From Families

"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, RVRA." #auspol #vicpol @ABCGM pic.twitter.com/UhFC374SHU

— Les Scobie (@retvilldotnet) January 3, 2020

No Mandatory Emergency Evacuation Plan

DISASTER WAITING TO HAPPEN. A 153 unit village retirement village in North East Vic has no emergency evacuation plan or assembly point-Why? Because Victorian law says it doesn't have to. @DanielAndrewsMP @MarleneKairouz @consumervic @ABCGM #springst #vicpol @Tim_McCurdy pic.twitter.com/bbqJri8FlY

— Les Scobie (@retvilldotnet) January 2, 2020

Disaster Waiting to Happen

DISASTER WAITING TO HAPPEN - There is no 'mandatory' evacuation plan for Victorian retirement villages. 153 unit village here in North East Vic has no plan. Why? because it doesn't have to. @DanielAndrewsMP @MarleneKairouz @consumervic @michaelobrienmp #springst #vicpol #auspol pic.twitter.com/ks2cMhvVnU

— Les Scobie (@retvilldotnet) December 30, 2019

Retiree Life Savings Decimated

The life savings of #retirementvillage residents get decimated on departure. Eg: contract says resident gets 100% of capital gain, in reality only get 60%. Deceptive, YES. Who cares? Nobody. @DanielAndrewsMP @MarleneKairouz @consumervic @michaelobrienmp #springst @NSW_FairTrading pic.twitter.com/loCtcMhCtM

— Les Scobie (@retvilldotnet) December 26, 2019