Russell Halpern of the St.Ives Group in WA joined others in predicting that the Not For Profits will grow significantly stronger in the village sector, due to them having the formula right, with a product offer of village accommodation balanced with care options, coupled with strong balance sheets. He boldly stated he believed that they will also be paying taxes within five years. He did not elaborate whether that was GST or corporate tax or both. Nor did he cover whether their staff FBT tax advantages would be forsaken.
Government Policy
The three aged care bombshells from Senate Estimates
Last week’s Senate Estimates hearing – held just three weeks before sweeping reforms roll out – gave politicians the chance to ask Government heavyweights the questions they’re getting from constituents and to interrogate the once-in-a-generation changes.
