RVA and ATO agree on positive GST result for operators on the sale of a village

Oct 21 2009 Updated July 4, 2023

The Weekly Source

1 min read

Following 18 months of co-operative work, the ATO has agreed to assess GST on the net actual sale price of a village rather than the value of the village plus the value of the residents loans being assumed by the ingoing purchaser (the gross basis). The net basis will be valid for developers that rely on ATO Ruling 2004/9. The savings to the industry will be significant. Lachlan Wolfers of KPMG and Geoff Mann of Blake Dawson assisted the RVA in the negotiated outcome. Members of the RVA will be briefed on the benefits.

Keyton’s thought leadership in a sea of misunderstanding on what retirement villages are

Why has Keyton for the second year financed a Future of Retirement Living roundtable in Canberra plus a full page in the Australian? They identify two major problems: bureaucrats still don’t understand what retirement villages are and don’t...

Click here

Ian Horswill

21 Oct 2025

Government Policy

No excuse for providers to not be ready on 1 November: Aged Care Minister Sam Rae

Aged Care Minister Sam Rae has told ABC radio the Aged Care Rules have been in place for “a significant amount of time” and the Government has been listening to and supporting to the sector, “so, there really isn’t an excuse from any provider to not be prepared for 1 November”.

Click here

Caroline Egan

23 Oct 2025

Mergers & Acquisitions

Aged care consolidation continues: Regis Aged Care on the march

The ASX-listed operator has entered into binding agreements to acquire family-owned OC Health’s two remaining aged care homes for $45 million plus a $36 million liability for RADs. The purchase of Ocean Mist, in Torquay, a seaside town southwest of...

Click here

Caroline Egan

23 Oct 2025

Opinion

Aged care beds going backwards – where’s the outrage?

StewartBrown just dropped a number that should jolt the sector: average time on a Home Care Package has plunged from 3.6 years in FY24 to 2.4 in FY25. That’s not a tweak – it’s a cliff. And it speaks to the same uncomfortable truth across...

Click here

Lauren Broomham

23 Oct 2025

Call to retirement living operators: designated seniors housing land next to Western Sydney hospital

With more than 104,000 over-50s already in the local catchment, Arrow Advisory Group has opened Expressions of Interest (EOI) for the Blacktown Integrated Seniors Living & Healthcare Precinct – a 2,791m² flagship site directly adjacent to...

Click here

21 aged care homes’ worth of hospital patients stuck waiting for discharge

As Premiers and Health Ministers battle Canberra over hospital funding, a new report has revealed a key reason costs are surging: thousands of older Australians remain stranded in hospital beds because there’s nowhere else for them to go.

Click here

The Pure Food Co launches internationally-inspired specialised texture modified meals for aged care

With new aged care quality standards set to force operators to provide greater choice at meal times, the nutrition technology innovator has launched a range of internationally-inspired specialised meals to give every resident a taste of home. The...

Click here

Ian Horswill

03 Sep 2025

Ageing

SATURDAY sounds the alarm: Dementia is ‘galloping’ through retirement villages

Dementia rates in villages are climbing fast – but with limited staff, legal barriers to moving residents, and no clear safety net, operators risk being caught off guard. Where are the biggest risks – and what’s being tried to fix them? Find out in this week’s SATURDAY, our premium digital magazine.

Click here

Lauren Broomham

11 Aug 2025