retvilldotnet: ACCC

Showing posts with label ACCC. Show all posts

Friday, 28 February 2020

Consumer Referral to ACCC

Consumer challenges advertised value of holiday auction package compared to actual value, claim of misleading consumers. $410 value stated as $660. Refers matter on to ACCC. @ConsumersFedAu @acccgovau @ConsumerWA @fairtradingqld @consumervic @NSW_FairTrading @SA_AG pic.twitter.com/DUz7H4fVJ3
— Les Scobie (@retvilldotnet) February 28, 2020

Tuesday, 14 May 2019

Misleading Language and Retirement Villages

'Capacity to Mislead' language found in a newspaper supplement on retirement villages. A phrase such as 'significant financial investment' rather than 'significant financial expenditure'. 'Investment' - the action or process of investing money for profit. @acccgovau @sdanck pic.twitter.com/hVgoSjjsMv
— Les Scobie (@retvilldotnet) May 13, 2019

Saturday, 4 May 2019

Feared Regulator

"Without a feared regulator, people with questionable ethics will push the line", equally applicable to the #retirementvillage industry. If you don't understand this you shouldn't be a legislator. @DanielAndrewsMP @MarleneKairouz #vicpol @sdanck @acccgovau @michaelobrienmp pic.twitter.com/A0YeNMcmOD
— Les Scobie (@retvilldotnet) April 26, 2019

Thursday, 16 August 2018

Without A Feared Regulator

The #retirementvillage policy concept of educate retirees rather than regulate operators has failed. It has left many older Australians with devastating financial and/or social consequences. @M_McCormackMP @acccgovau @consumervic @NSW_FairTrading pic.twitter.com/gMLDDyyEGN
— Les Scobie (@retvilldotnet) August 13, 2018

Friday, 27 April 2018

Retirment Village Probe By ACCC Stalls

YourLifeChoices reports ACCC retirement village probe stalls.

"Almost nine months since the competition watchdog said it would investigate serious matters involving retirement village operator Aveo, it has still not asked a single question of the company, according to chief executive Geoff Grady.

Further, political oversight for the issue at the federal level appears to have fallen through the cracks since the revelations.

Mid-last year, ACCC chairman Rod Sims told Fairfax Media that there were three laws relevant for the commission to investigate: misleading conduct, unfair contract terms and unconscionable conduct. But he said the ACCC would need to unpick what the state requirements were doing."

Read the full story here:- Watchdog probe into retirement village stalls

ACCC retirement village probe stalls

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.