"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 $$$.

Tuesday 28 January 2020

Retirement Village Operators Seek Profits But Cost Protections

Retirement Village Operators Protected by Governments

Property Developers Favoured Over Homeless

Longer Wait For Senior Australians

Australia Needs to Decide on Franking Credits Cash Refunds

Reality of Franking Credits Cash Refunds

Australia Alone On Franking Credits Cash Refund?

Margin Lending Up Post 2019 Election

High Growth In Franking Credits Cash Refunds

Somebody Has To Pay

Franking Credits Cash Refunds

In Victoria No Mandatory Evacuation Plans For Retirement Villages

Monday 20 January 2020

Franking Credits Cash Refunds Hurt Tax Revenue

Hit to Company Tax Revenue from Imputation Credits

Franking Credits Stole Tax Bonanza

Time for Rethink on Imputation Credits?

One Third of Pensioners in Poverty

Failure to Acknowledge Retirement Village Lived Experience

Legislators Simply Tinker at the Edges

BBC Visual Guide to Australian Bushfires

Rebuke for Aged Care Minister

74% of Retirement Village Residents Non Owners

Saturday 11 January 2020

Government Action Needed

Taxpayer Aged Care Burden Increased

Growth and Innovation Guaranteed

72% of Retirement Villages Commercially Owned

Loss of Capital Savings

Property Responsibilities but no Benefits

No Legal Protection For Resident Committees

Retirement Village Disaster Risk

Sunday 5 January 2020

State of Disaster in Victoria

Victorian Retirement Village Residents Seeking Reforms

Retirement Villages Transfer of Wealth Away From Families

No Mandatory Emergency Evacuation Plan

Disaster Waiting to Happen

Retiree Life Savings Decimated

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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