"The new wave of Consumer Advocacy:
Victoria-based retirement village advocate Les Scobie is asking all State Governments for a range of reforms including:
- Greater fairness in ‘financial outcomes’ for village residents;
- Total revision of all retirement villages legislation;
- The appointment of an industry Ombudsman;
- An amendment to the legislated definition of a retirement village to allow for Residential Tenancies Agreements; and
- Banning the Deferred Management Fee (DMF) model where the in-going fee does not reflect a “relevant discount” to the asking price of a similar property in the community. "
Read the full story here - The new wave of Consumer Advocacy
Advocate Launches Retirement Village Reform Petition - https://www.communityrun.org/petitions/retirement-village-reforms
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