Prime Trust winner launches new $52 million village in Cessnock

Oct 29 2011 Updated July 4, 2023

The Weekly Source

1 min read

Perhaps the only person to make a killing out of the Prime Trust debacle is Phil Carter who sold his Morpeth village to Prime Trust for a reputed $10 million above expectation. His plans for Signature Gardens Retirement Resort is for 200 self care villas, an 80 bed care facility and a 20 room assisted living apartment building.

Breaking news: Government delays new Aged Care Act

Minister for Health and Ageing Mark Butler and Minister for Aged Care and Seniors Sam Rae announced this morning that commencement of the new Aged Care Act on 1 July 2025 will be delayed four months until 1 November 2025.

Click here

Caroline Egan

04 Jun 2025

Government Policy

RLC and StewartBrown lobbying sees retirement village operators’ proposed liquidity ratio cut from 10% to 2%

Daniel Gannon, Executive Director of the Retirement Living Council, said the Aged Care Quality and Safety Commission’s proposal to make residential aged care providers operating independent living units (ILUs) and retirement villages retain 10% of ILU and retirement village refundable amounts as liquid funds from 1 July this year, has been reduced to 2%.

Click here

Ian Horswill

26 May 2025

Sector Moves & People

Land lease operator GemLife eyes $700M+ raise at $2B valuation

GemLife’s bankers, JPMorgan, Morgan Stanley and Highbury Partnership, took about two dozen fund managers through four sites in Queensland on Monday and Tuesday last week, ahead of a non-deal roadshow planned for Asia this week as the business...

Click here

Ian Horswill

26 May 2025

Opinion

Why the delayed Aged Care Act is a double-edged sword

Just 17 business days out from its long-awaited start, the Federal Government has delayed the new Aged Care Act – again. It’s the third time the legislation has been pushed back, and while the pause has been welcomed by peak bodies and providers, make no mistake: this delay comes at a cost.

Click here

Lauren Broomham

05 Jun 2025

“Don’t take the foot off the pedal”: aged care leaders respond to reform delay

Tom Symondson CEO Ageing Australia, Charles Moore CEO BaptistCare, and Russell Bricknell CEO Juniper reflect on the Government’s decision to delay implementation of the new Aged Care Act by four months.

Click here

10 sector CEOs react to four-month delay of new Aged Care Act

The shock announcement in Adelaide yesterday morning by Minister for Aged Care and Seniors, Sam Rae, flanked by Minister for Health and Ageing Mark Butler, to delay the new Aged Care Act from 1 July to 1 November has revealed there are major...

Click here

Treasurer puts cost of delaying new Aged Care Act at $900M

The Federal Government’s decision to delay the start of the new Aged Care Act to 1 November 2025 will cost around $900 million over the forward estimates, Treasurer Jim Chalmers has confirmed following yesterday’s (4 June) unexpected announcement.

Click here

SATURDAY 100th issue reimagines care: Can your home be the new hospital?

With aged care under strain and hospitals stretched thin, Amplar Health is leading a quiet but powerful revolution: delivering hospital-level care at home.

Click here

Lauren Broomham

05 Jun 2025