| Queens Lake Village v Stockland |
Tuesday, 01 February 2011 22:01 |
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Aged Care Crisis would strongly recommend older Australians to be cautious and seek advice before entering into contracts to move into retirement villages. Just like any other contract, the "buyer beware" principle applies to retirement village living. Vulnerable residentsBecause of their age and because they often enter a village after a period of crisis in their lives, the residents are more vulnerable than other citizens. In most cases they are required to sign a complex contract which many have difficulty in understanding. There has been considerable concern about the nature of these contracts and the financial exploitation which has resulted. There have been court cases and attempts to legislate to protect citizens. Stockland Retirement Living Appeals decision of the CTTT naming the Residents of Queens Lake Village as the Defendants.Huge conglomerate takes on the "Little People"A chronicle about the Stocklands Group - big business and big profits, taking on a group of elderly pensioners in a Retirement Village to make sure the big business profits get even bigger? Read more about the residents of Queens Lake Village's treatment by Stockland Retirement Living. Source: The Retirement Village Residents Association (Inc) Update (4 Feb 2011):
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