The draft report recommends increasing provider completion through more consumer controlled self - funding and the relaxation of accommodation caps. The user will pay, although the report recommends safety net funding for the financially disadvantaged.
Abolishing the distinction between high and low care accommodation is also proposed, as is removing restrictions on the number of community care packages and residential bed licences to allow providers to respond to demand.
Under the draft recommendations, those who could afford it could be required to contribute up to 25% with a sliding scale, reducing contributions based on means assessments.
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...