The three level pricing for aged care beds due to commence next July have been abandoned by the new government. Simplifying the process, they state operators will only need to apply to the Aged Care Pricing Commission to charge RADs refundable accommodation deposits (or bonds) - over $550,000. New guidelines are being developed but are not yet released.
ACSA CEO John Kelly AM has provided a further 14 options for reducing red tape in aged care administration as part of the National Commission of Audit.


Brookfield sells retirement village operator Aveo for $3.85B
Brookfield Asset Management, a leading global alternative asset manager headquartered in New York with over US$1 trillion of assets under management, has agreed to sell its retirement living platform, Aveo, to The Living Company for A$3.85 billion...
