To: All State Governments

Retirement Village Reforms

This campaign has ended.

Retirement Village Reforms

Implement retirement village reforms inclusive of the following:-
1. Create greater fairness in the financial outcomes for residents for the provision of residential accommodation to older Australians.
2. Total revision of all Retirement Villages Legislation.
3. Easier access to the law for residents through the appointment of an industry Ombudsman.
4. Simpler contracts.
5. Greater clarity as to who is responsible for ongoing costs.
6. Amendment to the legislated definition of a retirement village to enable occupancy by way of a Residential Tenancies Agreement.
7. Outlaw the Deferred Management Fee model where the in-going fee does not reflect a relevant discount to the asking price of a commensurate property within the general community.

Why is this important?

For decades legislators have attempted to find an appropriate balance between the cost retirees should pay for the provision of residential accommodation within a 'Retirement Village'. As the industry has moved away from the Not For Profit to the Private Enterprise sector the Deferred Management Fee model is now failing Australian retirees. The transfer of capital wealth/value from retirees to operators in these later times is now grossly excessive when compared to the cost of residential accommodation within the general community. It is time for an end to this practice and we call on all State Legislators to implement the changes as outlined above in the best interest of all current and future Australian retirees.


Reasons for signing

  • Long overdue reform suggestions. Unnecessarily complicated contracts. Who in the layman's world would have half a clue about what is meant in all that fine print?!
  • In my experience, most residents are totally bemused by what is happening when they are faced with the sort of outcomes above. The legislation and the calculations are beyond their comprehension. It is obvious that they are reliant on the government to protect them against avaricious operators. It follows that the government has a responsibility to act on their behalf.
  • My parents live in a retirement village

Updates

2018-04-18 21:41:31 +1000

100 signatures reached

2018-04-17 10:48:43 +1000

Thank you for your support everyone, here is a little video if you are able to share it with others interested in these vital reforms. https://youtu.be/TNpNTYTUN9k

2018-04-14 10:44:49 +1000

50 signatures reached

2018-02-14 17:38:02 +1100

25 signatures reached

2018-01-30 15:52:35 +1100

10 signatures reached