?Reverse mortgages cannot be forced on retirees? [Australia]

Representative body, The National Information Centre on Retirement Investments (NICRI), has slammed suggestions that retirees, whose principal residence is valued at over $1m, should not receive the aged pension, but rather fund their own retirement using a reverse mortgage. The suggestion was put forward by Christian charity group, Brotherhood of St Laurence, who said the government [...]a ‘Reverse mortgages cannot be forced on retirees' [Australia]