The Jacinta Allan Labor government 2025 Victorian Retirement Villages Act perpetuates the rip-off of charging a purchase price without gaining ownership, only occupancy in a retirement village. VOTE NO.
Sunday, 6 April 2025
Saturday, 5 April 2025
Retirement Village repayment period now 12 months
Currently Victorian retirement village residents wait 6 months for repayment of their refundable amount on leaving a village. The Jacinta Allan Labor government has pushed that out to 12. Why? Only 1 winner the operators pockets. Elderly Victorians lose, what do they live on, how do they go forward.
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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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