Aged Care

The sector speaks to The SOURCE: Grant Corderoy, Senior Partner StewartBrown

Sep 19 2024 Updated September 25, 2024

Lauren Broomham

1 min read

DCM Group journalist, Lauren Broomham talks to Grant Corderoy, Senior Partner at StewartBrown and a key member of the Aged Care Taskforce, about the financial implications of the Government’s response to the Taskforce.

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Breaking news: RLC not happy – and secures emergency meeting with federal aged care regulator tomorrow to discuss proposed retirement village liquidity requirements

In a first for the retirement village sector, Retirement Living Council (RLC) representatives will meet with the Federal Aged Care Quality and Safety Commission (ACQSC) tomorrow (Thursday 6 March) to urgently counsel them on the impact of proposed federal liquidity requirements on village operators that will potentially stunt the village business model.

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Lauren Broomham

05 Mar 2025

Sector Moves & People

BaptistCare announce leadership team for new entity after merger finalised

The successful completion of the merger between Baptcare(VIC, TAS, SA), Baptist Care SA and BaptistCare (NSW, ACT, WA) has been announced with the new entity to be known as BaptistCare. “This merger is about much more than pooling resources; it’s...

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Ian Horswill

07 Mar 2025

Opinion

Is this the canary in the coal mine for retirement village operators? The future when care crosses independent living

On 18 February, the Aged Care Quality and Safety Commission quietly released an ‘Exposure Draft’ for the Aged Care Financial and Prudential Standards 2025. In it the Federal Government crossed the line into retirement villages. See the wording...

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Chris Baynes

04 Mar 2025

Opinion

Australian Unity Group CEO Rohan Mead calls out why all village operators need to focus on a new revenue business model

The Financial Review last Wednesday published an exclusive article based on Rohan Mead’s assertion that the Australian health system is about to be swamped. In simple language, currently we average 20,000 ageing Australians turning 80 each year...

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Chris Baynes

10 Mar 2025

Proposed liquidity requirements likely to increase cost of capital and threaten new builds, warns StewartBrown

Residential aged care operators would need to retain more than double the amount of liquid assets that they already hold under the proposed new Financial and Prudential Standards – according to new modelling released by the aged care accountants this afternoon (Friday 14 March).

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$93M tied up: proposed liquidity ratios a “handbrake” on aged care and village development

David Moran, CEO Southern Cross Care (SA, NT & Vic), says the proposed standards could add years to new developments.

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Projects on hold as Ageing Australia lobbies in opposition: liquidity ratios for retirement living and ILUs

Ageing Australia, along with several dozen CFOs of member organisations, has met with the Aged Care Quality and Safety Commission (ACQSC) to lobby against the proposed inclusion of independent living and retirement village refundable amounts in proposed aged care liquidity standards.

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Enkindle Consulting show the gaps in the Support at Home Manual

The long-awaited Support at Home Manual (SaH) dropped last Friday, all 209 pages. With many taking the long weekend to pore over its pages, some are concerned as much about the Manual’s omissions as they are about its contents. Jennene Buckley...

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Caroline Egan

13 Mar 2025