The Victorian Retirement Villages Act from 1986 to 2024 had the primary objective of the legislation as 'to clarify and protect the rights of residents'. The new operator centric Act for 2025 appears to be 'to clarify and enhance the profits of operators'.
The new act amplifies the statement -
What we are talking about here in relation to retirement villages is the transfer of intergenerational wealth, not to families, but into the pockets of corporations. Same about the elderly not having enough money for aged care.
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