The accounting and advisory firm says guests at the June breakfast with Ken Wyatt endorsed the “generous budget” announced by the Government in May “though there remain some concerns” around potential replacements for the Aged Care Funding Instrument (ACFI).
These included that uncertainty around ACFI is “de-incentivising” investment in the sector where any replacement reduces the amount of money available for the delivery of care, and concerns that “care responses may be diminished and quality compromised”.
Our understanding is that the majority of providers don’t consider the $5 billion Budget announcement to be generous.
