New Aged Care Act

Brookfield sells retirement village operator Aveo for $3.85B

Brookfield Asset Management, a leading global alternative asset manager headquartered in New York with over US$1 trillion of assets under management, has agreed to sell its retirement living platform, Aveo, to The Living Company for A$3.85 billion...

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Ian Horswill

26 Jun 2025

Legal Issues

VCAT rules Lifestyle Communities’ DMF model illegal

Lifestyle Communities’ business model is under serious threat after a ruling by VCAT President Justice Ted Woodward found its exit fee structure to be illegal. The ASX-listed land lease operator, which was valued at $861.9 million and placed in...

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Ian Horswill

07 Jul 2025

Opinion

What does the ‘voiding’ of the land lease DMF in Victoria mean for retirement villages?

By our calculation up to 35-40% of retirement village contracts could have their DMFs voided as well if applied across the country. We can’t see this actually happening but we do believe lawyers received a mid year Christmas present yesterday when...

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Chris Baynes

08 Jul 2025

Aged Care

Australia’s top 25 residential aged care providers ranked: KPMG

KPMG’s eighth annual review of the Australian aged care market features the ranking of the top 25 residential aged care providers, with Opal HealthCare retaining its number one spot.

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Caroline Egan

26 Jun 2025

DCM Institute named one of the top L&D providers in Australia

The DCM Institute has been recognised as one of Australia’s leading learning and development providers by the Institute of Learning Performance Asia Pacific – a leading industry body of Learning and Development professionals with more than 3,000...

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Ian Horswill

07 Jul 2025

Awards

Aura Holdings’ Somerset Indooroopilly scores top architecture award as $3.2M unit sets record

The newly unveiled Stage Two O’Connell buildings, which are named in honour of June O’Connell, and have 88 apartments, were opened in October last year. COX Architecture, which designed the retirement village expansion, was awarded one of nine...

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Ian Horswill

07 Jul 2025

Awards

BASSCare, Ingenia Lifestyle, Keyton and RetireAustralia take two gongs each at National Retirement Living Awards

RetireAustralia, the leading and innovative retirement village operator, and BASSCare (Boroondara Aged Services Society), which operates an integrated program of services including meals-on-wheels, residential care facilities, respite care and...

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Ian Horswill

24 Jun 2025

Awards

DCM Institute shines at the 2025 National Retirement Living Awards

Two existing members of the nation’s top training programme for Village Managers, and one former participant who asked to come back into the programme after she had won, were awarded top honours at the National Retirement Living Awards last Thursday...

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Ian Horswill

24 Jun 2025