Canberra's retirement and aged care operators would be hit with a tax of up to $20,000 a bed by the ACT Government if the recommendations of a Treasury-ordered report are adopted. Recommendations are for a charge of $40,000 to allow each retirement village unit to be built, $20,000 for a new nursing home bed, and $10,000 each for new child-care places.
Mergers & Acquisitions
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...
