The former CEO of Japara Holdings, which has about 2800 aged care beds across Australia, has alleged Japara Aged Care and Retirement Property Trust, which owns the homes managed by the group, failed to pass on $7.83 million in accommodation bonds paid by residents. Arnan Rouse also alleges the trust borrowed $100 million from the group in order to pay distributions to unit holders despite telling investors payments were made from cash earnings.
Does this pass the pub test? Direct aged care workers awarded wages rises of up to 13.5% by Fair Work Commission – but indirect care workers only given up to 6.8%
Workers across residential aged care and home care will receive wages rises between 3.2% and 13.5% after the Fair Work Commission (FWC) determined on Friday that their work has historically been undervalued. The Stage 3 decision in the long-running...