retvilldotnet: Retirement Villages and claims of Corporatised Elder Abuse

Monday, 30 December 2024

Retirement Villages and claims of Corporatised Elder Abuse

The Victorian Labor government has again turned its back on retirement village residents, once again failing to establish an industry Ombudsman.

Recently in an ABC report Professor Tym King described the industry as peddling "cunningly designed rip-offs" whilst federal MP Rebekha Sharkie described the industry as engaging in a form of "corporatised elder abuse".

@VictorianLabor government again turns its back on retirement village residents, failing to establish an industry Ombudsman. @samantharatnam @AivGoesGreen @KatCopseyGreens @mansfieldmp #springst @NStaikos pic.twitter.com/dAbtujQQKK
— Les Scobie (@retvilldotnet) December 29, 2024

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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.