Sustainability in retirement and land-lease communitiessps

Mar 17 2025 Updated March 17, 2025

Group Editor

1 min read

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

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

Opinion

$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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Lauren Broomham

13 Mar 2025

When will Aged Care Act rules be available? Aged Care Transition Taskforce asks Dept of Health

The Aged Care Transition Taskforce has asked the Department of Health and Aged Care to reveal when any outstanding rules relating to the new Aged Care Act will be available for consultation at its meeting on 5 March 2025.

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Reduce liquidity ratios to aged care providers: Ageing Australia’s submission to Aged Care Quality and Safety Commission

The proposed new liquidity ratios, released as part of new Financial and Prudential Standards, should be reduced to 25% for quarterly cash expenses and 5% for quarterly RAD liabilities, and should be removed altogether on refundable amounts for ILUs and retirement villages, Ageing Australia has recommended in a submission.

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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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SATURDAY means business: What’s the relationship between the size of your aged care organisation and wages?

The 2023-24 data just released by the Workplace Gender Equality Agency reveals the average wages paid by larger organisations compared with their smaller counterparts. What does this tell us about scale in aged care? To find out more, read this...

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Caroline Egan

13 Mar 2025