QLD operator Tall Trees inform us that they just achieved an average of three sales per month each across their five villages and moving to four per month after a revamp of their marketing proposition. Given an average price exceeding $400K and a significant DMF to fund services, they are demonstrating the attraction of providing care in place. Their model is full care but delivered under the Retirement Village Act. See http://www.villages.com.au/info-centre/post/retirement-villages/tall-trees-care-communities-introduction
Five Prime Trust directors found to a breach their duties when handing over $33 million to Bill Lewski
Corporate watchdog ASIC was successful in the Federal Court, obtaining a ruling that the five former directors of Prime Trust are liable for breaching their duties as officers of the trust APCHL. They agreed to the amendment of the Constitution of...