Victorian Pokies provide money for health

Mar 10 2010 Updated July 4, 2023

The Weekly Source

1 min read

The Victorian government has raised almost $1 billion from the auction of poker machine licences and most of the money has been earmarked for health, with the remainder funding bushfire initiatives. The auction for the 10-year licences ended on Monday and breaks the current duopoly.

VCAT rules Lifestyle Communities’ DMF model illegal

Lifestyle Communities’ business model is under serious threat after a ruling by VCAT President Justice Ted Woodward found its exit fee structure to be illegal. The ASX-listed land lease operator, which was valued at $861.9 million and placed in...

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Ian Horswill

07 Jul 2025

Mergers & Acquisitions

“Aveo is a fantastic business, run by a fantastic management team”: Scape CEO Stephen Gaitanos backs landmark $3.85B acquisition

Scape Australia CEO Stephen Gaitanos has praised the leadership of retirement living operator Aveo, following its acquisition by The Living Company – Scape’s parent – for $3.85 billion, in what is now the largest direct real estate transaction...

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Ian Horswill

30 Jun 2025

Community Living

Catholic Healthcare investing $600M to build connected communities across NSW

One of Australia’s largest Not For Profit providers of home care, residential care and retirement living services, is investing over $600 million over the next five years in five innovative connected communities in New South Wales. “We’ve spent...

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Ian Horswill

07 Jul 2025

Government Policy

Regulator locks in new liquidity standards for aged care providers

The Aged Care Quality and Safety Commission (ACQSC) has released its consultation report on the draft Financial and Prudential Standards set to come into effect under the new Aged Care Act from 1 November 2025 – and as expected, the core liquidity...

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Lauren Broomham

03 Jul 2025

Ex-Fresh Hope Communities CEO Dan Dwyer finds new interim role

Anglicare Sydney CEO Simon Miller took Dan to visit Donington Court, Brian King Gardens and Warrina residential aged care homes at its Castle Hill site in Sydney’s northwest. The Weekly SOURCE reported in April the Not For Profit has lodged a State...

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Ian Horswill

03 Jul 2025

Sector Moves & People

Respect Aged Care CEO Jason Binder appointed to Ageing Australia board

The leader of the Not For Profit aged care turnaround specialists will replace Stephen Muggleton, who retired as Group CEO of Bolton Clarke on 30 June 2025. Jason’s appointment as a Multi-State Director took effect on 1 July, with his term set to...

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Caroline Egan

02 Jul 2025

Sector Moves & People

Simon Schrapel AM departs as Uniting Communities’ Chief Executive after 15 years

The South Australian Not For Profit has formally farewelled long-time Chief Executive Simon Schrapel, as a new face steps into the role. Simon, who was in the role for a decade-and-a-half, oversaw the group’s expansion to the situation today where...

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Caroline Egan

02 Jul 2025

Sector Moves/People

Sector Moves & People

Law firm MinterEllison grows its national Retirement Living team

“MinterEllison is innovative and future-focused, which means we are committed to ensuring clients are provided with access to genuine industry experts who are at the forefront of sector developments. James’ promotion is recognition of the expertise...

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Ian Horswill

30 Jun 2025