Grant Thornton is working with the RVA to compile much needed data through their Retirement Living Survey. The survey aims to profile retirement villages across Australia, the services they offer and the changes that have taken place in the retirement village industry over the past 5 decades. The survey will also assess the impact of the Governments proposed aged care reforms on retirement village operators and future alignment of the two sectors. Survey participants will receive reports that provide national and state based data on village configuration, contract and fee arrangements, and resident service.
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...
