Fair Trading Minister Anthony Roberts on Friday announced that by October 1 all retirement villages in the state must implement a simplified standard contract. They will also be required to develop a "general inquiry document that explains the services and facilities available in the village," and simplified disclosure document. "Retirees and their families will be able to clearly see their rights and obligations and make accurate comparisons between villages so they can choose one that best suits their needs."


Brookfield sells retirement village operator Aveo for $3.85B
Brookfield Asset Management, a leading global alternative asset manager headquartered in New York with over US$1 trillion of assets under management, has agreed to sell its retirement living platform, Aveo, to The Living Company for A$3.85 billion...
