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flag Outdated contract traps elderly couple in Australian retirement village, denying them new legal protections.

flag A 94-year-old couple in Victoria, Australia, feels trapped in their retirement village due to an outdated contract that doesn't benefit from recent legal changes. flag The Victorian Retirement Village Act, set to take effect in May 2026, offers new protections like a seven-day cooling-off period and a more favorable calculation for Deferred Management Fees. flag However, these benefits only apply to new contracts, leaving existing residents vulnerable to high exit fees.

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