Stewart Brown Business Solutions (SBBS) has released their Aged Care Financial Performance Survey for the June 2010 year end. The survey shows operating profit increases in high and low care facilities, up 12% and 4% respectively. 61 of the 161 High Care facilities achieved an operating profit and 119 of 271 Low Care facilities.
ATO plans to charge GST on manufactured home parks scrapped
A concerted effort by the Residents Association of manufactured home parks has headed off the ATO which had planned to impose GST in mobile homes. This would have added 10% to the cost of the purchase of a home