Retirement Living: Regulatory Trends and Lessons from Recent Tribunal Decisions

Thursday 13 October 2022

11:15am – 11:45am

Speaker Bio

Arthur Koumoukelis has specialised in the aged care and retirement village industry since 1995, and joined Thomson Geer as a partner in April 2018.

Arthur holds degrees in both accounting and law. This background in corporate and tax allows him to advise on all aspects of the structuring, acquisition, disposal, development and operation of aged care, assisted living and independent living retirement living environments. He also provides assistance to approved providers and operators of seniors living facilities in relation to any litigious issues, disputes and administrative actions.  In addition, Arthur is a key adviser to the major banks lending to the industry. Working with financial institutions, he has helped develop funding products for consumers and operators to fund aged care, assisted living and independent living seniors environments.

Although the focus of Arthur’s practice is on the aged care and retirement living sector, he also has experience across a range of practice areas including charitable, not for profit organisations, corporate, litigation, dispute resolution, taxation and franchising.

The aged care and seniors living sector is dominated by not for profit and charitable organisations. Arthur has developed extensive expertise advising these organisations on the financing, governance, tax implications and corporate issues that play a significant role in this industry. Arthur has experience sitting as a Director on the board of some not for profit organisations.

Arthur is seen as a thought leader in the broader Asian region in the aged care and seniors living sector, and has advised on the development of facilities in Singapore and Malaysia. He regularly provides advice to leading industry bodies such as Aged & Community Services Australia and Leading Age Services Australia. He also is regularly invited to speak at leading industry conferences both in Australia, and throughout the Asian region. Notably, Arthur has been appointed to the National Elder Law and Succession Law Committee as an expert member.

Abstract 

This session will explore recent and upcoming changes in retirement living regulation across jurisdictions and recent Tribunal decisions.  Specifically:

• Analysis of the impact of recent changes made to retirement village laws
• Exploring proposed changes in jurisdictions with regulatory reviews underway and likely impact on future trends
• Examining recent Tribunal decisions and what operators can take away to strengthen their operations for the future
• Impact of aged care reforms on regulatory regime and financial structures for villages.

Have you had to deal with terminating a village contract lately?  Are you trying to navigate the Asset Management plan rules?  Where might retirement living regulation go next?  Will aged care reform impact the structure of villages and the financial models used?  This session will answer these questions and more about recent developments in retirement living Tribunal decisions and regulation.