Occupancy plummets to record low of 86.8% – COVID-19 not the only factor
The 2020-2021 Report on the Operation of the Aged Care Act was released by the Government last Friday – and…
Browsing: The Economy
COTA welcomes new super legislation despite “missed opportunity” for retirees
COTA has welcomed new Federal Government legislation that will require super funds to more actively support members in generating maximum…
Estia sees opportunities in ACAR removal
Estia executives have predicted the ASX-listed provider will play a “significant role” in the restructuring of the sector expected after…
Expenditure blowout sees BaptistCare NSW/ACT $6M in the red for FY21
In the space of 12 months BaptistCare NSW/ACT, the Not For Profit Christian based care operator, has seen a $7…
Aged care losses expected to continue for next two years as COVID-19 funding ends, says StewartBrown – is it time to renew the push for user pays?
Over half of residential aged care operators are forecast to still be making losses in FY2021-22 and FY2022-23 as COVID-19…
Capitalism 2.0: former bankers to target $80 to $100M to invest in aged care and affordable housing
Michael Traill, a co-founder of Macquarie’s private equity business, and former National Australia Bank CEO Andrew Thorburn are set to launch a…
ATO’s downsizing contributions into super down to age 60 in July 2022: win for LLCs and CAPs
As part of its superannuation changes, the Morrison Government is extending access to its downsizer contributions scheme by lowering the…
Fed Govt unveils second $200M tranche of Royal Commission reforms – targeting funding, personal care workers, home care, governance and pricing
Federal Health Minister Greg Hunt has introduced the second stage of the Government’s reforms in response to the Royal Commission…
Boris Johnson does the unthinkable and raises taxes to pay for aged care
UK Prime Minister Boris Johnson has not only broken an election but defied his own party to announce a raise…
Aged care: are banks open for you?
The banks are optimistic for the future of aged care development – if your business has the books and the…