Friday, 4 October 2024

Retirement Village Reckless Harassment of Elderly Resident

"Retirement villages were first created to care for Australians as they grow older, but the sector has now turned into a multibillion-dollar industry.

Amidst a drive for profits, some elderly residents are suffering."

Adele Ferguson from the ABC 7.30 Report continues her expose into the scandal plagued retirement village sector.

Read more: Retirement village operator Pinnacle Living accused of 'reckless harassment' of elderly resident



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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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