The long running and contentious Stockland/Queens Lake village saga is over. Residents refused the budget items insurance ($23,100) and corporate recharge ($28,594) because no detail was given. The Judge stated the residents could not make an informed decision and consequently did not have to pay. Stockland inherited the problem with their Aevum purchase and offered to pay up to $50,000 in resident legal fees to take the issue beyond the Tribunal to the District Court. The residents, led by John Cooper, believe this now sets a precedent on the non payment of budget items with inadequate information.
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.
