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© 2024 The Weekly SOURCE
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ACAA CEO, Rod Young, prepares the aged care sector for disappointment

1 min read

Rod Young is warning the aged care sector that the Federal government focus on bringing in a surplus budget is highly likely to stall the implementation of the Productivity Commission. He states the National Disability Insurance Scheme is more likely to get the limited funding. This will mean the sector will be put back at least one year – and possibly two given next year is an election year, when a balanced budget will also be vital for Labor.

Top Stories
Retirement and Community Living

Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania

Tony Randello, CEO of the nation’s leading retirement village provider, said the impending sale of its 16 retirement villages in South Australia and Tasmania “aligns with Aveo’s regular strategic review of opportunities across its portfolio”. The...

Ian Horswill
16 Apr 2024
Opinion

Opinion: what could be on the table for aged care on Budget night?

With just over four weeks until the 2024-25 Federal Budget is announced on 14 May, anticipation is building for Treasurer Jim Chalmers to restore some much-needed certainty to the aged care sector. As we report in this issue, the Shadow Minister for...

Lauren Broomham
11 Apr 2024
Retirement and Community Living

Seniors housing faces becoming “the roadkill of the NSW planning system”

Two major policies recently exhibited by the NSW Department of Planning, Housing, and Infrastructure (DPHI) could have major implications on seniors housing, said Ethos Urban Director Daniel West. The Weekly SOURCE stated last Tuesday that Daniel...

Ian Horswill
16 Apr 2024
Sector Moves & People

HammondCare names Andrew Thorburn successor to CEO Mike Baird

Andrew Thorburn, the former CEO of National Australia Bank and the Bank of New Zealand, has been appointed the next CEO of Not For Profit health and aged care provider HammondCare, replacing Mike Baird AO at the beginning of June. HammondCare Board...

Ian Horswill
08 Apr 2024
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Retirement and Community Living

Oak Tree Group Co-founder Mark Bindon returns to sector with a high-end boutique retirement village and one caveat

Mark Bindon and fellow Oak Tree Group co-founder Franco De Pasquale spent two years researching the retirement sector before setting up the business in 2004. Oak Tree Group grew to own and operate 31 retirement villages across Queensland, New South...

Ian Horswill
16 Apr 2024
Retirement and Community Living

Seniors housing faces becoming “the roadkill of the NSW planning system”

Two major policies recently exhibited by the NSW Department of Planning, Housing, and Infrastructure (DPHI) could have major implications on seniors housing, said Ethos Urban Director Daniel West. The Weekly SOURCE stated last Tuesday that Daniel...

Ian Horswill
16 Apr 2024
Development

Nine years after talks began, Goodwin to build sixth retirement village

Talks began with Community Housing Canberra, the owner of the land in Downer, in Canberra’s north, in 2015, Goodwin’s chair Liesel Wett said. “We were fortunate to finally reach agreement for the sale of the land in 2020,“ she said. A development...

Ian Horswill
16 Apr 2024
Development

First residents move into Summerset Group’s first retirement village in Australia

Summerset Group, the New Zealand-based continuum of care operator, has welcomed Doug and Leslie as its first residents in its first retirement village in Australia: Summerset Cranbourne North, 39km southeast of Melbourne’s CBD. “Sales have picked...

Ian Horswill
15 Apr 2024
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