While not perfect, the general reaction by ACSA and ACAA is quite positive recognition that
the new Federal government is carrying out its pre-election promises in aged care. Extending
the Conditional Adjustment Payment (CAP) for a further year is a step in the right direction
said Greg Mundy, ACSA CEO. Justine Elliot, the Federal Minister for Ageing, pointed out
that the CAP has been increased by 1.75% which will see $2 billion over the next four years,
more than twice what the Howard Government put in over the last four years, she says. CAP is
intended to provide medium-term financial assistance to aged care providers on the basis that
they become more efficient in their management practices.
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...