Catholic Health welcomes breakthrough for retirement villages
Catholic Health Australia (CHA) has reacted positively to new legislation that recognises accommodation, accommodation services and meals should be GST-free if the provider is a charitable organisation.
The breakthrough follows considerable uncertainty surrounding the GST treatment of retirement villages and serviced apartments.
CHA CEO Francis Sullivan said: "The charitable sector will be able to manage their retirement villages with increased certainty through this legislation that recognises accommodation, accommodation services and meals should be GST-free if the provider is a charitable organisation."
"The government has recognised that retirement accommodation now involves frailer Australians and retirement villages are providing an important service to care for residents thereby potentially deferring or avoiding the need for expensive residential aged care.
"These services should not be subject to tax penalties when the services form part of the government's policy of ageing in place."
"CHA congratulates the Minister for Revenue and the Assistant Treasurer, Mal Brough for responding to the concerns of the charitable sector and for introducing legislation that will bring certainty and peace of mind to many older Australians living in retirement village accommodation."
Retirement Village Legislation Welcomed for Charitable Sector (Catholic Health Australia 30/11/04)
Catholic Health Australia
Catholic Health welcomes Govt GST pledge (CathNews 16/8/04)
2 Dec 2004