ACT: $40,00 retirement village development tax being considered

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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.