The new RVA NSW Regional Manger, Mark Eagleston, has distributed a very good overview of the Retirement Villages Act Amendment Bill that was passed through NSW Parliament on 4 December, with release of regulations expected first quarter 2009. In particular it reviews the new requirements on settling in periods, capital replacement funds, capital gains, capital maintenance and recurrent charges. Mark can be contacted on 02 9261 1777 or managernswact@rva.com.au


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...
