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NSW Court gives residents $51,694 budget win + precedent

1 min read

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.

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In the Headlines

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...

Ian Horswill
16 Apr 2024
Opinion

Opinion: what could be on the table for aged care on Budget night?

With just over four weeks until the 2024-25 Federal Budget is announced on 14 May, anticipation is building for Treasurer Jim Chalmers to restore some much-needed certainty to the aged care sector. As we report in this issue, the Shadow Minister for...

Lauren Broomham
11 Apr 2024
Sector Moves & People

HammondCare names Andrew Thorburn successor to CEO Mike Baird

Andrew Thorburn, the former CEO of National Australia Bank and the Bank of New Zealand, has been appointed the next CEO of Not For Profit health and aged care provider HammondCare, replacing Mike Baird AO at the beginning of June. HammondCare Board...

Ian Horswill
08 Apr 2024
Development

Seniors housing faces becoming “the roadkill of the NSW planning system”

Two major policies recently exhibited by the NSW Department of Planning, Housing, and Infrastructure (DPHI) could have major implications on seniors housing, said Ethos Urban Director Daniel West. The Weekly SOURCE stated last Tuesday that Daniel...

Ian Horswill
16 Apr 2024
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