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.
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...