Victorian State Government
INQUIRY INTO THE RETIREMENT HOUSING SECTOR
The Legal and Social Issues Committee to inquire into, consider and report, no later than 1 March 2017, on the operation and regulation of the retirement housing sector (including retirement villages, caravan parks, residential parks and independent living units) with the aim of identifying opportunities for improvement and reform.
The Victorian Parliament’s Legal and Social Issues Committee has held a comprehensive inquiry into the operation and regulation of the retirement housing sector.
Retirement villages, caravan parks, residential parks and independent living units were all included in the scope of the inquiry.
Submissions made to the enquiry are available to read here:-
http://www.parliament.vic.gov.au/lsic/article/2970
Hearings and Transcripts are available to read here:-
http://www.parliament.vic.gov.au/lsic/article/2971
The final report is available for download here:-
LSIC/Retirement_Housing/Report/LSIC_58-06_Text_WEB.pdf
The Victorian Government response to the report is available here:-
The Government response to the report tabled in Parliament on 7 September 2017
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.
Popular Posts
-
There can be a dramatic impact over time on the $ value of the refundable amount (in-going cost minus the deferred management fee) repayable... -
The Aged Care Royal Commission and - The need for the royal commission to examine the negative impact retirement villages have on t... -
As the cost to simply lease a unit in a Retirement Village moves ever closer to the purchase cost of a commensurate unit within the general ...
Labels
- 4 Corners
- ACCC
- Aged
- Aged Care
- Aged Pension
- Ageing at Home
- Aging in Place
- alzheimers
- Ambassador
- auction
- Australia
- Aveo
- Average Resident Comparison Figure
- CALC
- capital
- capital gains
- capital loss
- carers
- Code of Conduct
- Commissioner
- Commonwealth Government
- Consumer Affairs Victoria
- Contracts
- Cost
- Deeming
- Deferred Management Fee
- Detailed Calculator
- DSCV
- Election
- Emergency
- emotional
- Evacuation
- Fair Trading Dpt.
- Family Home
- Fees
- financial
- Government Inquiry
- Goverrnment
- harm
- Home Care
- Housing
- in-going amount
- Industry
- Kiva
- Legislation
- Lendlease
- life savings
- Loan
- LSIC
- Lying
- Misleading
- Morrison
- New South Wales
- Newstart
- Ombudsman
- Pensioner
- Poverty
- Profit Driven
- property
- Queensland
- Reform.
- Reforms
- Refurbishment
- Rent Assistance
- Residential Tenancy
- retirees
- Retirement
- Retirement Living
- Retirement Village
- Royal Commission
- seniors
- State Government
- State Laws
- Stockland
- Taxi
- Taxpayer
- VCAT
- Victoria
No comments:
Post a Comment