Victorian Government moves against Retirees

The Victorian Jacinta Allan Labor Government is moving against Victorian retirees by mandating that retirement village residents will now have to wait 12 months to get their refundable money back on leaving the village. 

How do they fund themselves over that period? An absolute con job by the industry.

The government seduced by the industry into believing that they do not have the money to repay the outgoing retiree. This money was paid to the village operator by the retiree before they could move into the village.

It shows a clear failure of the industry to manage cash flow, and a clear failure of the government to understand the principle of cash flow management.