Forbes Council (NSW) purchases land for aged care and retirement units

Jul 01 2013 Updated July 4, 2023

The Weekly Source

1 min read

A few councils are still investing in community aged care and retirement. Forbes Council is purchasing a disused portion of the former Jemalong Retirement Village and will build 20 ILUs along with a new aged care facility.

Breaking news: Government delays new Aged Care Act

Minister for Health and Ageing Mark Butler and Minister for Aged Care and Seniors Sam Rae announced this morning that commencement of the new Aged Care Act on 1 July 2025 will be delayed four months until 1 November 2025.

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Caroline Egan

04 Jun 2025

Government Policy

RLC and StewartBrown lobbying sees retirement village operators’ proposed liquidity ratio cut from 10% to 2%

Daniel Gannon, Executive Director of the Retirement Living Council, said the Aged Care Quality and Safety Commission’s proposal to make residential aged care providers operating independent living units (ILUs) and retirement villages retain 10% of ILU and retirement village refundable amounts as liquid funds from 1 July this year, has been reduced to 2%.

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Ian Horswill

26 May 2025

Sector Moves & People

Land lease operator GemLife eyes $700M+ raise at $2B valuation

GemLife’s bankers, JPMorgan, Morgan Stanley and Highbury Partnership, took about two dozen fund managers through four sites in Queensland on Monday and Tuesday last week, ahead of a non-deal roadshow planned for Asia this week as the business...

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Why the delayed Aged Care Act is a double-edged sword

Just 17 business days out from its long-awaited start, the Federal Government has delayed the new Aged Care Act – again. It’s the third time the legislation has been pushed back, and while the pause has been welcomed by peak bodies and providers, make no mistake: this delay comes at a cost.

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Lauren Broomham

05 Jun 2025

Breaking news: 83,000 Home Care Packages the latest aged care measure to be delayed

In a further twist for Australia’s aged care sector, Federal Minister for Health and Aged Care, Mark Butler, has confirmed that the rollout of 83,000 new Home Care Packages – originally scheduled to commence on 1 July 2025 – will now be delayed until 1 November 2025.

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“Don’t take the foot off the pedal”: aged care leaders respond to reform delay

Tom Symondson CEO Ageing Australia, Charles Moore CEO BaptistCare, and Russell Bricknell CEO Juniper reflect on the Government’s decision to delay implementation of the new Aged Care Act by four months.

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Why the delayed Aged Care Act is a double-edged sword

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Lauren Broomham

05 Jun 2025

Government Policy

Treasurer puts cost of delaying new Aged Care Act at $900M

The Federal Government’s decision to delay the start of the new Aged Care Act to 1 November 2025 will cost around $900 million over the forward estimates, Treasurer Jim Chalmers has confirmed following yesterday’s (4 June) unexpected announcement.

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Lauren Broomham

05 Jun 2025