Economics, Business & Management

Dr Timothy Kyng, courtesy of Chris Stacey

Retirement Villages – What are you actually paying for?

A few years ago Dr Timothy Kyng was looking at Retirement Homes with his mother. As a researcher who specialises in the analysis of complex financial products, Tim did not expect that the contracts on offer would tax his analytical capacity. There is a lot of variation in the entry fees, ongoing fees and so called “deferred management fees” across the retirement village industry. It is difficult and time consuming to get the details of how the contracts work and it is even more difficult to compare one with another. Comparison shopping is hard to do but Tim set out to make financial comparisons of retirement village contracts easier by computing a “comparison rent metric”, similar in concept to the comparison interest rate that banks must quote to consumers when they lend money for home mortgages.

CAANZ196 420

Managing Knowledge

Associate Professor John Dumay of the Department of Accounting and Corporate Governance is an expert in knowledge management and a member of the Australian Government Consultative Committee on Knowledge Capital. After working as a consultant over fifteen years, John joined academia and has applied many of the techniques learned throughout his consulting career to the academy. John applies his research to real industry problems, treating collaboration projects as consulting assignments.

James_Guthrie_2014_350px

Distinguished Professor James Guthrie

Distinguished Professor James Guthrie has a long history of research impact upon industry and government. His work on performance reporting, accounting for intellectual capital and sustainability accounting have pioneered new approaches to accounting. James has regularly been sought out by government and industry for advice and ideas.

Professor Chris Patel

International Accounting Supervision

Professor Chris Patel continues to cultivate the Department of Accounting and Corporate Governance’s strong reputation for higher degree research in international accounting. This strength was founded on the pioneering work of the late Associate Professor Jill McKinnon and Professor Graeme Harrison.