Government Policy

Taskforce Recommendations Unpacked

Mar 13 2024 Updated March 13, 2024

Chris Baynes

1 min read

The Aged Care Taskforce Recommendations Report was released at 10pm, Monday, 11 March 2024. The next morning we conducted a video interview with Grant Corderoy, Ian Thorley and Cam Ansell to unpack the recommendations.

The Taskforce was tasked to recommend to government initiatives that would achieve sustainability for both home care and residential care operators, with an emphasis on how co-contribution by customers could be introduced.

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

Home Care

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

Hall & Prior announces date for takeover of beleaguered Blue Haven Bonaira aged care home

The WA-based family-owned aged care operator has revealed the majority of Bonaira staff have accepted offers of employment, with regulatory approval from the Department of Health and Aged Care for the transfer of operations expected in “the next week or two”.

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Caroline Egan

13 Mar 2025

Mergers & Acquisitions

The four reasons for the BaptistCare merger: CEO Charles Moore

The Weekly SOURCE reported BaptistCare (NSW, ACT, WA), Baptcare (VIC, SA, TAS), and Baptist Care SA would merge last November, just shy of 18 months after BaptistCare NSW/ACT and Baptistcare WA announced their consolidation. Charles Moore, who has...

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Caroline Egan

13 Mar 2025

Mergers & Acquisitions

Singapore’s GIC latest to eye $3bn plus retirement village operator Aveo

The biggest sovereign fund investor in Australia and the biggest offshore source of capital in commercial property, which overseas $1.4 trillion ($US847 billion) in assets, is reportedly keen on the leading village operator. GIC’s Managing...

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Ian Horswill

10 Mar 2025