In Western Australia NFP villages are spared paying council rates but this is being challenged by the City of Stirling, which claims it is losing $1.2 million in revenue each year. Their argument is that many NFP villages are in fact luxurious with tenants not qualifying for charitable use. Elsewhere in Australia residents are arguing they should not be paying council rates as villages pay for their own roads, lighting and garbage collection. A WA loss would be a setback for this argument.
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...