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A real safety net: RetireAustralia pilots village resident trust account for aged care costs

The village operator is actively encouraging residents at its Glengara Care Apartments to ‘budget’ for their increasing care needs with around $30,000 held in a trust account.

With residents staying longer in the village – and looking to avoid entry into residential care – village operators are facing an increasing duty of care and demand for care services in the future. Is this a practical solution to help support residents and fund the cost of care?

Village operator RetireAustralia has introduced a ‘care services account’ f

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