Village regulation jeopardy: QLD leads with $30M+ in buybacks on Day One
Two weeks ago, the 18-month buyback rule kicked in in Queensland. One law firm, MinterEllison,…
Monthly Archives: May, 2019
Residents lose, operators lose
The 18-month buyback rule was a direct outcome of the Four Corners program on 27…
‘Sales solve all problems’
The final point, obviously, is that sales solve all problems. The 18-month buyback is not…
DCM Institute launches Village Manager Professional Development and Peer Network with National Roadshow
Over the last two weeks, we have travelled to Sydney, Brisbane, Perth and Adelaide to…
Derek McMillan launches new retirement living venture Centennial Living – with “committed” investor and target of 2,000-plus units
18 months after leaving Australian Unity saying he had “energy for another challenge”, Derek McMillan…
‘Aged Care Rule’ versus Commonwealth’s ‘Hardship Rule’: James Underwood says ‘hardship’ is better option for residents and operators
In last week’s Village Manager newsletter, we discussed the issue of mandatory buybacks and the…
“Some awful things will happen”: Sydney Dignity of Risk forum warns boards to step up now
Board members, executives and Directors of Care have been urged to be proactive about embedding…
NZ’s Ryman Healthcare posts biggest profit ever – announces site for 10th VIC village
The company’s latest operating profit for the year ending 31 March 2019 was ahead 11.5% on…
Flu outbreaks, Royal Commission costs bring Estia Health’s expected full year EBITDA down to $92-94 million
The listed operator issues a trade update last week, warning the market that its FY19…
RetireAustralia appoints former BOQ CEO Brett Robinson as new CEO
The NZ super fund-owned village operator has appointed Brett Robinson, former CEO of banking services…