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.
Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania
Tony Randello, CEO of the nation’s leading retirement village provider, said the impending sale of its 16 retirement villages in South Australia and Tasmania “aligns with Aveo’s regular strategic review of opportunities across its portfolio”. The...