Topic - Editorial

The Weekly Source | Tony Randello

May 10 2022 Updated May 3, 2023

Section Editor

1 min read

Aveo CEO Tony Randello talks to DCM Group Editor Lauren Broomham about their CAPEX program and how the retirement village operator is upgrading and refurbishing its portfolio for the future.

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.

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Caroline Egan

04 Jun 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.

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Lauren Broomham

05 Jun 2025

Aged Care

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...

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Ian Horswill

05 Jun 2025

Legal Issues

Mandatory Code of Conduct introduced as major reforms to Victoria’s Retirement Villages Act pass

The Victorian Government has passed the most significant reform of the Retirement Villages Act 1986 to date, reshaping the economic and operational foundations of retirement villages across the state. The main details: 1. Standardised contracts and...

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Ian Horswill

30 May 2025

Anglicare Southern Queensland open first specialist dementia care units on Gold Coast

The Australian Government Department of halth, Disability and Ageing has given $2.6 million to the has been spent unit at the Abri Residential Aged Care Home in Southport. The SDCP unit will be delivered through funding from the Commonwealth...

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Aged care and disability services provider Annecto announces closure, impacting 3,000 clients

After 70 years of operations across Victoria, New South Wales, Queensland and the Australian Capital Territory, the provider has revealed it will cease operations in July 2025.

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Government data shows shrinking home care margins

Home care operator EBITDA margins fell to 7.1% as of 31 December 2024, down from 8.1% the previous year, according to the Government’s December 2025-26 Quarterly Financial Snapshot.

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Residential aged care profitability up – but risks loom as care minute compliance tightens

The Government’s Quarterly Financial Snapshot for the December 2024 quarter showed improved profitability for residential aged care providers, but future earnings are likely to be eroded as providers move towards compliance with care minute targets.

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Caroline Egan

15 hours ago