> She [Leanne Gundry] backed calls by crossbench federal MP Rebekha Sharkie for a national overhaul of retirement village regulation and said resident contracts should be categorised as financial products, which would bring them under the regulatory oversight of the Australian Securities and Investments Commission.
nojaneonlyzuul on
(I hope) Companies that run retirement villages are going to start finding out they can’t keep getting away with this shit now that the boomers are moving in.
Boganpants on
Fucking leeches.
Aussie_Potato on
It seems like some of the old people are choosing to enter into contracts which they don’t understand. Elizabeth Reid said she didn’t understand the financial part, so why on earth did she proceed with it?
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> She [Leanne Gundry] backed calls by crossbench federal MP Rebekha Sharkie for a national overhaul of retirement village regulation and said resident contracts should be categorised as financial products, which would bring them under the regulatory oversight of the Australian Securities and Investments Commission.
(I hope) Companies that run retirement villages are going to start finding out they can’t keep getting away with this shit now that the boomers are moving in.
Fucking leeches.
It seems like some of the old people are choosing to enter into contracts which they don’t understand. Elizabeth Reid said she didn’t understand the financial part, so why on earth did she proceed with it?