Retirement Living Operators should note that the Director of Consumer Affairs Victoria (CAV) has released the updated form of Factsheets which must be used from 1 March 2018.
As most property owners in Victoria are now aware, the new Victorian Vacant Residential Land Tax (“VRLT”) came into effect from 1 January 2018. All owners of property in Victoria who are liable to pay the VRLT must notify the State Revenue Office of the details of their properties by no later than 15 January 2018. Failure to do so may result in penalties being imposed on the property owner.
The Victorian Government has now released its response to the Legislative Council's Legal and Social Issues Committee Report on the Inquiry into the Retirement Housing Sector which was released on 7 March 2017.