retvilldotnet

Tuesday, 26 March 2019

Increased Aged Care Taxpayer Burden from Retirement Villages

Retirement Villages transfer retiree capital wealth to operators, not for property ownership but simply occupancy, and then sends retirees back to the taxpayer for Aged Care funding. @acccgovau #auspol @KenWyattMP @ScottMorrisonMP @Bowenchris #agedcarerc @abc730 @terpsmlc @sdanck pic.twitter.com/Kw9nUmdQvd
— Les Scobie (@retvilldotnet) March 25, 2019

Excessive Drain of Capital Away from Retirement Village Residents

Aged Care RC must look into cost to the Australian taxpayer of excessive reduction in the capital base of retirement village residents during their occupancy and their subsequent need for greater aged care funding when the time comes. #agedcarerc @acccgovau #auspol @KenWyattMP pic.twitter.com/TQ7Dr19exP
— Les Scobie (@retvilldotnet) March 24, 2019

Sunday, 24 March 2019

Retirement Villages In Words and Pictures

A summary of the Retirement Village industry in words and pictures. @acccgovau #auspol @KenWyattMP @ScottMorrisonMP @Bowenchris @billshortenmp @abc730 @TaniaMaxwell14 @TerpsMLC pic.twitter.com/iuUf1wozsp
— Les Scobie (@retvilldotnet) March 23, 2019

Minister Kairouz Fails to Understand Retirement Village Financial Dangers for Retirees

Interesting to see @MarleneKairouz can identify the financial danger/risk to the renter/buyer here and yet completely fails to understand the retirement village financial danger/risk to the 'renter' but never to buy older Victorians. Financial outcomes can be just as devastating. https://t.co/safSvZQfPk
— Les Scobie (@retvilldotnet) March 20, 2019

State Laws Enable Devastating Financial Outcome For Australian Retirees

State laws enable, encourage this devastating financial outcome for Australian retirees after entering a Retirement Village. The retiree is short of capital to fund aged care so must go back to taxpayer. #vicpol @TerpsMLC @KenWyattMP @ScottMorrisonMP @Bowenchris @billshortenmp pic.twitter.com/CfNOBKqCz8
— Les Scobie (@retvilldotnet) March 20, 2019

Wednesday, 20 March 2019

Commonwealth Taxpayers Fund Profits of Retirement Village Operators

Commonwealth taxpayers fund profits of retirement village operators via excessive drain of retiree capital. Residential accommodation approved and encouraged by State Governments. @adele_ferguson @MichaelWestBiz @amy_bainbridge @albericie @MichaelPascoe01 @AlanKohler #agedcarerc pic.twitter.com/MxU2a5cvFt
— Les Scobie (@retvilldotnet) March 19, 2019

Transfer of Retiree Capital Wealth to Multinationals

Sums up NSW #retirementvillage industry beautifully "Transfer of intergenerational wealth not to families, but to large multinationals" Tom Gait President RVRA. Only Labor is offering an industry Ombudsman @GladysB @smh #nswpol @michaeldaleyMP #nswvotes2019 #nswelection #nswvotes pic.twitter.com/rxhvqdsO3w
— Les Scobie (@retvilldotnet) March 19, 2019

Retirement Village Ombudsman Issue In NSW Election

Voting in NSW State election? - Does your candidate favor protecting retirees with a retirement village Ombudsman. @GladysB says NO - @michaeldaleyMP says YES. https://t.co/gvDqTfYqac @GladysB @smh #nswpol @michaeldaleyMP @Matt_KeanMP #nswvotes2019 #nswvotes #nswelection pic.twitter.com/A1T00hKztP
— Les Scobie (@retvilldotnet) March 18, 2019

Tuesday, 19 March 2019

Government By The People But Not For The People

Retirees leaving retirement villages have to wait 6 months to get back the money they loaned to the operator on entry, where do they live whilst waiting. Government by the people for the people, I think not @GladysB @smh @michaeldaleyMP @Matt_KeanMP #nswvotes2019 #nswelection pic.twitter.com/a22xA6UU8b
— Les Scobie (@retvilldotnet) March 18, 2019

Retirement Village Residents Put Out On Street by State Laws

State government laws put retirees out on the street, homeless. If leaving a retirement village they can by law be required to wait up to 6 months to get their own money back. @GladysB @smh #nswpol @michaeldaleyMP #nswvotes2019 #nswelection @DanielAndrewsMP @MarleneKairouz pic.twitter.com/Ps6ldnyV4o
— Les Scobie (@retvilldotnet) March 18, 2019

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.