It was predicted at the recent RVA conference that NFPs will be taxes within five years. The stalemate in QLD may give an indication why. Blue Care has built a new 128 bed care facility in Labrador to replace its existing 40 year old non air conditioned home next door. But the Gold Coast Council is reportedly refusing to grant Blue Care a charity waiver on $500,000 in infrastructure fees and so preventing the residents transferring before summer. The Council says Blue Care is running a business, while Blue Care is falling back on its Not For Profit status.
“Not investable”: StewartBrown warns on aged care bed shortfall
StewartBrown’s March quarter 2024-25 Aged Care Financial Performance Survey has highlighted the looming shortage of aged care beds over the next 10 to 15 years, reinforcing the urgent need for sustained capital investment to meet growing demand...