Mildura Weekly : Friday November 25 Vol 11 No 4
NEWS 21 FRIDAY, NOVEMBER 25, 2016 MILDURAWEEKLY.COM.AU NEARLY 70 past and present resi- dents and board members of Princes Court Village came together recently to celebrate the institution’s 10th birthday. Held last Saturday, Princes Court Village supervisor, Kim Curry, who has been in the role for the past six years, said the day had been well at- tended, providing an opportunity to catch up on old times and celebrate the milestone. “Quite a few of our residents have been with us since the doors first opened 10 years ago, and last Saturday’s celebrations was a chance for them to mark and celebrate it,” she said. “We invited past and present board members, our former CEO, former director of nursing at Princes Court Homes, and former village supervisor Sally Edwards – every- one from the two organisations who have helped make the village a real- ity.” Kim said the celebrations had also proved a chance to acknowl- edge why the village exists – to pro- vide an independent living lifestyle for Mildura residents that works in conjunction with the Princes Court Home aged care facility. “Ten years ago there was an op- portunity with this piece of land be- ing so close to Princes Court Homes to provide 55 units for retired and semi-retired people over 55,” she said. “All 55 units are currently occu- pied, and have been occupied since they opened.” An initiative of Princes Court Homes, the journey towards estab- lishing the $14million Princes Court Village first started in 1991, after the then Committee of Management purchased land originally owned by the old Mildura Base Hospital. The plan incorporated 55 inde- pendent units with a mix of two and three bedroom designs. Former Princes Court Village chairman John Fitzgibbon who was among those to attend the birthday celebrations last weekend, provided those in attendance with a snapshot of the village’s history. John said it was a privilege and with “some degree of pride” that he addressed the gathering. “I remember very clearly the day I came to the village office and for- mally handed the first keys to Betty and Ernie,” he said. “It is 10 years to the day since that ceremony hap- pened, with 10 years a significant time, and a very suitable time to cel- ebrate the journey we have all been on at Princes Court Village.” Mr Fitzgibbon said the jour- ney towards establishing Princes Court Village began when Princes Court Homes committee members, Graeme Lake and Ted Crane, sug- gested he join the Committee of Management of the Homes. “When you volunteer for any task in life, you can never be sure of what you are volunteering for,” he said. “I can tell you that in 1992, I certainly wouldn’t have dreamt of lying awake at night, worrying about the building of more than 50 first- class retirement units – and perhaps more importantly how to find the $14million to pay for them!” Mr Fitzgibbon said what fol- lowed was seven years of talking to Ministers, local MPs, councillors and bank managers to convince them that the group’s vision was vi- able. The Princes Court Homes board recruited architect Geoff Sparks to put ideas to paper, Brian Cam- eron at NAB to pay for the project, drafted Thomsons Advisors’ Tony Hickey, Frank Tierney, from Collie and Tierney Real Estate to sell the project, and John Kelly from Kelly Constructions. In May 2006, the Board met with community members at the Mildura Club, where partners and plans for Princes Court Village were displayed. Six months after that meeting, Princes Court Village was open, with the first tenants handed the keys to their new units. By 2008, the first three stages of the village had been completed. Construction of stages four and five followed in 2010, completing the village’s 55-unit layout. Kim said Princes Court Village currently employs two staff, includ- ing herself, and has developed a distinctly welcoming culture during the past decade. TWO in five full pensioners (40 percent) and one in three part pensioners (33 percent) are unaware of upcoming changes to legislation which may impact their eligibility for the pension, according to a new report. The study of Australians aged 55 and over, commissioned by VicSuper, shows a lack of awareness of changes to Age Pension eligibility, which will come into effect on January 1, 2017. The Federal Government is set to reduce the upper threshold for Age Pension entitle- ments, while the lower threshold will be in- creased, meaning those with higher valued assets who may already have access to, or are anticipating they will have access to, the pen- sion might miss out entirely. According to VicSuper CEO Michael Dundon, the findings show “real cause for concern.” “This year is a year of change in the su- perannuation industry – there are major amendments to Age Pension eligibility and dozens of proposed changes to super legisla- tion,” he said. “Our research is telling us that many peo- ple aren’t aware of, or don’t understand the changes and how they’ll be affected.” The report from VicSuper, which sur- veyed retirees and pre-retirees aged 55 and over, suggests the lack of awareness and ed- ucation about the changes to Centrelink is compounded by feelings of financial unpre- paredness for retirement. The report suggests that more than half (54 percent) of Australians aged over 55 feel financially unprepared for their retirement, and nearly a quarter (23 percent) feel com- pletely out of their depth when considering their post-retirement finances. In fact, only eight percent of respondents reported being completely financially pre- pared for retirement. A concerning quarter of people surveyed (26 percent) said that paying for basic ex- penses including food and household bills would be, or is currently, unaffordable in re- tirement. Two in five (39 percent) were worried they would not have enough money to main- tain their standard of living, and more than half (58 percent) felt that aged care would be too expensive. In light of this, VicSuper is running a se- ries of seminars across Victoria to give peo- ple a better understanding of what their Age Pension entitlements might look like from 2017 onwards, and how they could set them- selves up for financial stability and security in retirement. “Given the upcoming changes to pen- sion entitlements and proposed changes to super still on the table, anyone who is re- tired or nearing retirement age needs to take a really good look at their financial plans for the future, to help ensure they’ve got enough money to last their retirement,” Mr Dundon said. It is believed that the Federal Government will be issuing letters to pensioners in early December to let them know how they might be affected by changes to the Age Pension. Princes Court Village celebrates milestone Age pensioners unaware of eligibility changes, report finds • TURNING TEN: Princes Court Village supervisor, Kim Curry, along with Bruce McLean and Lisa O’Connor, INSET, were among nearly 70 people who recently celebrated the 10-year anniversary since the village first opened its doors. (03) 5024 4666 | email@example.com 579 Benetook Avenue MILDURA 14 Kanandah Road, BROKEN HILL LMCT 10347 www.johnsonshino.com.au Specifications: • Hino 616 Auto • 4,495KG GVM car Licence compatible • Fully Automatic • Cruise control • Electronic stability control • 4.5 mtr alloy tray with racks • 170L fuel tanks – Standard • Reverse camera • Tow bar GIVE THE DEMO A TRY TODAY! Contact our team at Johnson’s Truck & Coach Service to book your free Demo trial. THE LATEST SERIES TRAY TRUCK HINO 300 DEMONSTRATE tible DAY! BOOKYOURFREETRIALTODAY!
Friday November 18 Vol 11 No 3
Friday December 2 Vol 11 No 5