Its understood privately-held Japaras main lender, the ANZ, which banks a large chunk of the aged care sector, is driving the sale process of the aged care business. Final bids for Japara were submitted to its adviser UBS on Friday last week. According to the Australian newspaper, Healthscope has declined to comment on whether it put in a bid but Bupa Care Services have stated that while it has looked at the Japara prospectus, it refrained from putting in a bid.
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