Petition For Retirement Village Reforms – Les Scobie an eleven year retirement village resident and advocate for retirement village reform has started an on-line petition to be presented to the Victorian State Government in the lead up to the Victorian state election later this year.
You can sign the petition here – https://www.communityrun.org/petitions/retirement-village-reforms
The petition asks for:-
Implementation of retirement village reforms inclusive of the following:-
- Create greater fairness in the financial outcomes for residents for what is primarily the provision of residential accommodation.
- Total revision of the Retirement Villages Act 1986.
- Easier access to the law for residents through the appointment of an industry Ombudsman.
- Simpler contracts.
- Greater clarity as to who is responsible for ongoing costs.
- Amendment to the legislated definition of a retirement village to enable occupancy by way of a Residential Tenancies Agreement.
- Outlaw the Deferred Management Fee model where the in-going fee does not reflect a relevant discount to the asking price of a commensurate property within the general community.
Les states in his petition,
“For decades legislators have attempted to define an appropriate balance between the cost retirees should pay for the provision of residential accommodation within a ‘Retirement Village’. As the industry has moved away from the Not For Profit to the Private Enterprise sector the Deferred Management Fee model is now failing Victorian retirees. The transfer of capital wealth/value from retirees to operators in these later times is now grossly excessive and obscene when compared to the cost of residential accommodation within the general community. It is time for an end to this practice and we call on all Victorian Legislators to implement the changes as outlined above in the best interest of all current and future Victorian retirees.”
The petition can be signed here – https://www.communityrun.org/petitions/retirement-village-reforms