Flamboyant Melbourne property developer Mark Stanley the brains behind Australias first gay public company, the Satellite Group, faces a lengthy jail term after pleading guilty to two charges of stealing $2.79 million from investors. The private investors were told their money would purchase land for a retirement village at Berwick, outside Melbourne. They were promised theyd get all their money back on completion, plus interest payments of 13% a year once the village was built. But the land was never purchased.
Opinion
Retirement villages have Canberra’s attention – now the sector must prove its value
Three years after Daniel Gannon took the reins of the Retirement Living Council (RLC), the sector has achieved something his predecessor Ben Myers was never able to: national recognition in Canberra. This is just the fist step. Retirement villages now need to capitalise on this moment. Here’s how.
