Table 6: Analysis of options for administrative support for retirement villages Who Funding options Purpose of organisation Costs Benefits CAV Registration CAV purposes include: Employment of new staff is not CAV has an premises and capacity fees Review legislation consistent with sustainable Grants from Advise and educate Government Initiative the Victorian consumers Not consistent with Reducing Red Property Fund Conciliate disputes Tape Initiative. Enforce consumer laws CAV administers 40 acts and has competing priorities CAV would need to make regulations and prepare a RIS adding significant costs (even more then the cost of the total annual salaries of two people over two years) and delaying the introduction of this initiative by 18 months RRVV Membership Policy and advocacy on Currently does not have sufficient Empowers residents of retirement fees behalf of the community to carry out this role. villages Grants from of retirement village Does not have a premises Residents will develop knowledge the Victorian residents. RRVV membership fees may need to and skills by learning by doing Property Fund Information & education increase. Enhances consumer confidence in Donations and for members the retirement village industry sponsorship Facilitating a collective Will build general confidence and voice on issues, needs investment in the Victorian and problems retirement village industry Promoting interaction Reduces costs to residents, industry between retirement and Government village residents. Could be implemented Providing general immediately subject to funding information CAV and the RVA contribute Encourage sustainability to costs of administrative support. in existing and future Funds may be available from the retirement villages. Victorian Property Fund Engagement could be by fixed term contract for two years
Table 6: Analysis of options for administrative support for retirement villages Who Funding options Purpose of organisation Costs Benefits CAV Registration fees Grants from the Victorian Property Fund CAV purposes include: Review legislation Advise and educate consumers Conciliate disputes Enforce consumer laws Employment of new staff is not consistent with sustainable Government Initiative Not consistent with Reducing Red Tape Initiative. CAV administers 40 acts and has competing priorities CAV would need to make regulations and prepare a RIS adding significant costs (even more then the cost of the total annual salaries of two people over two years) and delaying the introduction of this initiative by 18 months CAV has an premises and capacity RRVV Membership fees Grants from the Victorian Property Fund Donations and sponsorship Policy and advocacy on behalf of the community of retirement village residents. Information & education for members Facilitating a collective voice on issues, needs and problems Promoting interaction between retirement village residents. Providing general information Encourage sustainability in existing and future retirement villages. Currently does not have sufficient to carry out this role. Does not have a premises RRVV membership fees may need to increase. Empowers residents of retirement villages Residents will develop knowledge and skills by learning by doing Enhances consumer confidence in the retirement village industry Will build general confidence and investment in the Victorian retirement village industry Reduces costs to residents, industry and Government Could be implemented immediately subject to funding CAV and the RVA contribute to costs of administrative support. Funds may be available from the Victorian Property Fund Engagement could be by fixed term contract for two years
rrvv_-_a_vision_for_simplified_retirement_village_living1-1.docx