St.Ives Group in WA partners with RAC

Dec 16 2007 Updated July 4, 2023

The Weekly Source

1 min read

The 640,000 members of the automobile and insurance group, RAC, proved to be very attractive as a captive market for future ILU sales for St.Ives Group. They sold 49.9% to RAC.

Australian Senate votes for two separate inquiries into aged care reform

The Senate has voted to establish two new Senate inquiries into the Government’s historic aged care reforms, rollout out on the weekend after years of preparation, amid concerns they will not deliver for older Australians.

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Caroline Egan

04 Nov 2025

Opinion

Retirement villages now hot investments: Here is why

Aveo is even sweeter in that it has been moving its contracts to a mix of upfront payments rather than the DMF. In March 2024, we reported in The Weekly SOURCE that a third of new Aveo customers have chosen an alternative to the traditional deferred...

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Chris Baynes

04 Nov 2025

Topic - Acquisitions

Can Aveo’s owner Scape Australia take over retirement village operator Keyton?

It is understood that Scape Australia – now rebranded as The Living Company – is the only bidder still seriously pursuing Keyton, Australia’s largest retirement village operator, whose minority stake held by Lendlease is up for sale. As...

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Ian Horswill

04 Nov 2025

Home Care

CHSP provider Momentum Collective with 5,000 clients appoints voluntary administrator

Third Sector Australia Limited, trading as Momentum Collective, has entered voluntary administration, putting the future of 5,000 clients – including 674 receiving Commonwealth Home Support Programme (CHSP) services – under a cloud. FTI Consulting was appointed administrator on 16 October 2025.

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Caroline Egan

29 Oct 2025

Government considering low-cost funding to help aged care operators build: Sam Rae

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More sleepless nights: nearly 2,800 hospital patients waiting for aged care

State Premiers warned last month there were about 2,500 older patients in public hospitals awaiting an aged-care placement. Today, that figure is closer to 2,800 – a 12% jump in a month – tightening the squeeze on already stretched acute beds.

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Caroline Egan

30 Oct 2025

Funding

Scape reportedly out of race for Keyton stake as Aware blocks bid

Scape Australia is understood to be out of contention to buy Lendlease’s 25.1% stake in Keyton, with majority shareholder Aware Super (49.9%) reportedly blocking a deal despite Scape offering the highest price, according to The Australian.

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Ian Horswill

20 Oct 2025

Funding

21 aged care homes’ worth of hospital patients stuck waiting for discharge

As Premiers and Health Ministers battle Canberra over hospital funding, a new report has revealed a key reason costs are surging: thousands of older Australians remain stranded in hospital beds because there’s nowhere else for them to go.

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Caroline Egan

08 Oct 2025