INQUIRY FINDINGS IMPACTING TWO IMPORTANT INSTITUTIONS AND HOW WE CAN HELP.

AUTHOR: DAVID MC CLELLAND, DIRECTOR AUDIT AND ASSURANCE, BISHOP COLLINS.

KATHRYN GREINER INQUIRY INTO RETIREMENT VILLAGES ACT.

As part of the NSW Governments plan to improve retirement village living, Kathryn Greiner (AO) has lead the inquiry to review the protections offered to residents.

The aim of the inquiry is to ensure retirement village operators are complying with the law. Some of the matters inspectors have examined, in conjunction with industry stakeholders, including residents, are incoming, outgoing and recurrent fees, prescribed notices and audits.

Innovation and Better Regulation Minister, Matt Kean, believes more transparency in the industry will help safeguard residents.

“We need to make sure that retirement village residents are being treated fairly and with the respect and dignity they deserve” Mr Kean said.

It is believed the outcome of the Greiner inquiry will be presented to the Minister by the end of February 2018.

We believe this will have a big impact on residents and retirement village operators across the state.

For further inquiries or to find out how this will affect you contact Martin Le Marchant on 4353 2333

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THE INQUIRY INTO RSL NSW BRANCH

Supreme Court Justice Patricia Bergin (SC) has concluded her inquiry into the RSL’s NSW Branch.

On 15 May 2017 the Minister for Innovation & Better Regulation, Matt Kean, appointed the Honourable Patricia Bergin to investigate matters in regards to tracking expenditure of public donations and disclosure of possible breaches of The Charitable Fundraising Act and RSL Lifecare.

It is believed the outcomes of her recommendations to the Minister Matt Kean, will be handed down to him on Thursday 1st February 2018.

The effects of this inquiry and the Ministers determinations are widely expected to have significant impact on the RSL movement down to sub-branch level.

Should any RSL sub-branch need assistance please contact David Mc Clelland on 4353 2333.

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