Ageing

Italian ex-Prime Minister Silvio Berlusconi starts working in a Milan aged care facility

May 27 2014 Updated May 3, 2023

The Weekly Source

1 min read

77 year old billionaire media tycoon and ex Italian Prime Minister, Sylvia Berlusconi, has commenced his 12 months of community service, working at an aged care facility for four hours a week. He arrived wearing a suit in a chauffeur driven limousine accompanied by two bodyguards. He was originally sentenced to 4 years jail for tax fraud but successfully renegotiated it to community service.

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...

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Ian Horswill

26 Jun 2025

Legal Issues

VCAT rules Lifestyle Communities’ DMF model illegal

Lifestyle Communities’ business model is under serious threat after a ruling by VCAT President Justice Ted Woodward found its exit fee structure to be illegal. The ASX-listed land lease operator, which was valued at $861.9 million and placed in...

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Ian Horswill

07 Jul 2025

Opinion

What does the ‘voiding’ of the land lease DMF in Victoria mean for retirement villages?

By our calculation up to 35-40% of retirement village contracts could have their DMFs voided as well if applied across the country. We can’t see this actually happening but we do believe lawyers received a mid year Christmas present yesterday when...

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Chris Baynes

08 Jul 2025

Aged Care

Australia’s top 25 residential aged care providers ranked: KPMG

KPMG’s eighth annual review of the Australian aged care market features the ranking of the top 25 residential aged care providers, with Opal HealthCare retaining its number one spot.

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Caroline Egan

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Melbourne’s Latvian Community aged care facility transferred to Uniting AgeWell

Uniting AgeWell now has 21 aged care facilities – 13 in Victoria and 8 in Tasmani

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Caroline Egan

12 hours ago

Retirement and Community Living

Legal Issues

Lifestyle Communities shares drop 37.22% as it appeals VCAT DMF ruling

The ASX-listed land lease community operator will appeal a Victorian tribunal ruling that struck down its Deferred Management Fee (DMF) clause – and seek a stay on the orders while the process plays out. The VCAT decision, handed down on Monday (7...

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Ian Horswill

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Community Living

Mergers & Acquisitions

Three years after $1B+ valuation, RetireAustralia faces $850M sale

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Ian Horswill

08 Jul 2025

Retirement and Community Living

Development

Corio Projects’ $170M seniors living development in Sydney’s inner south approved

Corio Projects has been given the green light for 170 independent living units and a 34-bed residential care facility across six buildings up to eight storeys in Rosebery, 6km south of Sydney’s CBD. The NSW Government Department of Planning...

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Ian Horswill

08 Jul 2025