Draft legislation covering reforms to the retirement regulations is expected to be introduced into the NSW Parliament by Anthony Roberts [Minister for Fair Trading] early this year. Included is a standard contract for all new residents and this is expected to be operative in the field by September. NSW legislation and regulations have historically led the rest of the country so this precedent will be watched closely, along with a raft of other changes. Jan Pritchett [pictured] of the RVRA reports that about 50% of the amendments the State Residents Association argued for have been successfully incorporated.
Opinion
RIP: We are seeing the death of the family-run aged care operator
It feels like I am writing an obituary to family-run aged care facilities. Once the backbone of the sector, multi-generation operators are now selling out at a pace not seen before. The sell-off is accelerating, with three landmark deals in just two...
