Advocate Launches Retirement Village Reform Petition

Advocate Launches Retirement Village Reform Petition - The Weekly Source reports.

"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