Sector Moves/People

Penny Flett and Klaus Zimmerman receive Australia Day honours

Feb 04 2014 Updated May 3, 2023

The Weekly Source

1 min read

Klaus Zimmerman was appointed Member of the Order of Australia (AM). He served as President of ACSA from 2007 to 2011, was CEO of Eldercare for 12 years and sits on the Board of HESTA Superannuation.

Is the DMF model dead? Anglicare CEO Simon Miller says yes

After buying 50% of LDK Senior’s Living from Cromwell Property Group in November 2022, Anglicare CEO Simon Miller is going all in on private aged care. Speaking at the DCM Group’s Ask the Visionaries’ Anything breakfast forum at...

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Ian Horswill

16 Sep 2025

Government Policy

Final Aged Care Rules land – but rollout in 38 days “impossible”

Aged care providers say the final Aged Care Rules 2025 have landed far too late, warning that with just 38 days until the 1 November start date, implementation is “complex at best and impossible at worst.”

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Caroline Egan

24 Sep 2025

Opinion

Would you invest in a business with zero margin?

The latest AN-ACC prices and weightings, released late last Friday, confirmed what many feared: after an initial uplift, the clawback has begun. Operators who saw gains since AN-ACC’s 2023 launch now face funding being stripped back.

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Lauren Broomham

18 Sep 2025

Aged Care

Regis shares dive 27% as AN-ACC reweighting slashes earnings outlook

The ASX-listed residential aged care provider has warned it will scale back development plans after the Federal Government’s AN-ACC price announcement and classification reweightings left funding growth well short of expectations.

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Caroline Egan

22 Sep 2025

Govt forecasts 4,000 new beds for 2026-27 but will AN-ACC funding drive new builds?

The Federal Government is forecasting 4,000 new residential aged care beds to come online in 2026-27, but questions remain whether the sector can keep pace with demand as Australia’s over-85 population surges. A spokesperson for the Department of...

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StewartBrown: factor care margins into AN-ACC funding

StewartBrown’s latest analysis of the AN-ACC funding decision has delivered a clear warning: the increase is too low to cover ordinary cost rises and wages, with direct care margins expected to fall further. Historically, those care margins have been used to cross-subsidise losses in accommodation and hotel services. With that buffer narrowing, StewartBrown argues the time has come for the sector to push for margins to be explicitly factored into care funding.

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Caroline Egan

24 Sep 2025

Funding

Sector Moves & People

Vale Rupert Smoker, Founder and CEO of Evolution Trustees

Aspen Group has announced the “sudden and unexpected passing” of Rupert Smoker, Founder, Managing Director and CEO of Evolution Trustees, on Thursday 18 September.

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Uniting NSW.ACT secures $1.75M grant for social housing energy upgrades

Uniting NSW.ACT has received $1.75 million from the Australian and NSW Governments to deliver energy-efficient upgrades – including hot water heat pumps, reverse-cycle air conditioners and solar panels – across 300 of its community housing units.

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Ian Horswill

18 Aug 2025