While not perfect, the general reaction by ACSA and ACAA is quite positive recognition that
the new Federal government is carrying out its pre-election promises in aged care. Extending
the Conditional Adjustment Payment (CAP) for a further year is a step in the right direction
said Greg Mundy, ACSA CEO. Justine Elliot, the Federal Minister for Ageing, pointed out
that the CAP has been increased by 1.75% which will see $2 billion over the next four years,
more than twice what the Howard Government put in over the last four years, she says. CAP is
intended to provide medium-term financial assistance to aged care providers on the basis that
they become more efficient in their management practices.
Legal Issues
VCAT rules Lifestyle Communities’ DMF model illegal
Lifestyle Communities’ business model is under serious threat after a ruling by VCAT President Justice Ted Woodward found its exit fee structure to be illegal. The ASX-listed land lease operator, which was valued at $861.9 million and placed in...
