SA Minister for Ageing, Jack Snelling, has announced the legislation of the Retirement Village Act will be reviewed. This follows a review in 2012 of the regulations behind the Act. Following the recent high profile receivership of a village, the Minister explained: There are issues in relation to the current powers of investigation and auditing requirements that govern a village's operation while they are in receivership. These need to be addressed and the only way to do this adequately is through a review of the act." He pointed out SA has 522 registered retirement villages, with about 24,400 residents.
Opinion
RIP: We are seeing the death of the family-run aged care operator
It feels like I am writing an obituary to family-run aged care facilities. Once the backbone of the sector, multi-generation operators are now selling out at a pace not seen before. The sell-off is accelerating, with three landmark deals in just two...
