In a slap in the face for retirees, the new Victorian Labor Retirement Villages Act 2024 brings no change to these two home truths when it comes to retirement villages.
In a recent ABC news report the following quotes were published - "The industry, which has minimal regulatory oversight, has been described by retired actuary and academic Tim Kyng as peddling "cunningly designed rip-offs" and by crossbench federal MP Rebekha Sharkie as engaging in a form of "corporatised elder abuse"."See full article here - 'Corporatised Elder Abuse'.
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