Pensioners will receive their CPI adjustment tomorrow, with the maximum Single Pension rising $3.85 per week to $284.90 and the Pensioner Couple will rise $6.40 per week to $475.90. The Rudd Government had promised a $35 per week increase in the Aged Pension during the last election and deliverable in the May budget with each additional $10 per week reported to cost $2 billion p.a.
Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania
Tony Randello, CEO of the nation’s leading retirement village provider, said the impending sale of its 16 retirement villages in South Australia and Tasmania “aligns with Aveo’s regular strategic review of opportunities across its portfolio”. The...