Six months after the Aged Care Taskforce handed its 23 recommendations to reform the funding of aged care, the Government has finally revealed its response as well as the new Aged Care Act. The verdict?

With the support of the Opposition, the Government has partly embraced the recommendations of the Taskforce’s Final Report. What does it mean for you and your business? Here’s our quick analysis.

1. There will be new funding coming into the system, but not as much as forecast.

StewartBrown’s analysis of the residential aged care reforms indicates that the funding will fall short of the $3.76 billion originally forecast by the aged care accountants if all the Taskforce recommendations were taken up.

But there will be new cash coming into the system: at least another $