In a first, the unions are now going after larger Not For Profits with a report by a union-funded researcher making national headlines last week.
Analysis of results for the largest Not For Profit aged care operators by Jason Ward, Principal Analyst at the Centre for International Corporate Tax Accountability and Research (CICTAR), published by The Age claims:
“Four out of five of the largest non-profit residential aged care operators claimed losses in 2019” while “each produced at least $26 million in net cash flow from operations … largely from residential aged care.”
In the article, Mr Ward – an Adjunct Senior Researcher at the University of Tasmania (Institute for the Study of Social Change) who has previously held numerous union movement positions before his role at the union-formed CICTAR – says the accounts showed large operators were “hiding behind” aggregate industry figures.
“These operators, which dominate peak bodies and influence government policy and regulation, use overall industry figures to demand more funding which they are better positioned to capture,” he stated.
Mr Ward also appeared on the ABC’s 7.30 Report last Thursday, arguing that aged care operators receive Government funding with no accountability.
A new tactic in the union’s bid for mandated staff ratios – which could pay off.
