13-Jan-2009
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| Among many changes to the NSW Retirement Villages Act 1999 passed in December 2008 was the addition of one simple, yet fundamentally important objective:
“to encourage the retirement village industry to adopt best practice management standards.”
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04-Dec-2008
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| Fair Trading Minister Virginia Judge today welcomed the passage of the Retirement Villages Amendment Bill 2008 by the NSW Parliament.
Ms Judge said the new laws would better protect the rights of retirement village residents without compromising the viability of an industry vital to our ageing population. |
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11-Nov-2008
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| The State Government has been forced into an embarrassing backdown on changes to legislation, following an outcry by retirement village residents and accusations of undue influence by political donations. |
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05-Nov-2008
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| To retirement village operators, old is indeed beautiful - especially the fees |
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04-Sep-2008
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| There are numerous regions across Australia that meet the criteria of an ageing population and sizeable population base but may fail to attract development. The issue for many of these marginal areas will be affordability—that is, whether the developments are financially viable based on the potential gross realisation and development costs. |
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