The western Victorian town of Ararat has identified a growth opportunity in the form of a special jail for ageing prisons, citing that there are no prisons delivering geriatric care. They have contracted Keith Hamburger, the ex director-general of Queenslands Corrective Services to champion their case. 11% of prisoners are now aged over 50 and while in the 1980s and 90s most people died in prison from self harm, today most die from natural causes. The trend is also for longer sentences. In California where geriatric care in prison is spiralling in costs, a system of younger prisoners being paid to support older prisoners has been implemented. The Victorian government says any decision is some way off.


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...
