retvilldotnet: Allan Labor Government moves against Retirees

Sunday, 12 January 2025

Allan Labor Government moves against Retirees

Sting in the tail for Victorian retirees as the Jacinta Allan Labor government moves to enhance profits of retirement village operators.

Hollow claims of striking a balance between facilitating industry growth and innovation with retirement village resident consumer protections.

sting in the tail for retirement village residents

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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.