The former CEO of Japara Holdings, which has about 2800 aged care beds across Australia, has alleged Japara Aged Care and Retirement Property Trust, which owns the homes managed by the group, failed to pass on $7.83 million in accommodation bonds paid by residents. Arnan Rouse also alleges the trust borrowed $100 million from the group in order to pay distributions to unit holders despite telling investors payments were made from cash earnings.
Opinion
These new retirement villages show providing care is here and now
Gone are the days when retirement living was defined by community centres, swimming pools and bowling greens. While these amenities still exist – the provision of care is now a core part of the value proposition. Hyegrove Willoughby on Sydney’s...
