Our Aged Care Blog
Welcome to the All About Aged Care blog. We will endeavour to keep our blog updated regularly with helpful information related to the aged care industry, new policies and regulations as well as any news coming out of the Royal Commission into Aged Care.
All Task But No Courage
On 11 March 2024 the Aged Care Taskforce, a broadly based group handpicked and chaired by Aged Care Minister, Anika Wells, released its report. Unsurprisingly it has garnered a lot...
How to earn 8.15% on your investment (guaranteed)
The answer is simple. Become the operator of an aged care facility. 8.15% per annum is the current Maximum Prescribed Interest Rate (MPIR) payable by aged care residents who are...
What do your stars say?
The Australian Aged Care Quality & Safety Commission is responsible for assessing and accrediting aged care services in Australia. The agency publishes reports on its website (www.myagedcare.gov.au) which provide information...
More Aged Care Fee Increase Pain on the Horizon
All of us have been noticing how much inflation is impacting our lives. Whether it be mortgage or rent payments, fuel, electricity, or groceries, we are all paying more for...
The Stars Are Out
One of the changes foreshadowed by the Royal Commission into Aged Care Quality & Safety was the introduction of a new star grading system for aged care facilities. The ratings...
After the Budget
Treasurer, Dr Jim Chalmers delivered his first budget on 25 October 2022. For the most part, economists have praised it as being conservative and sensible. Aged Care is one of...
Somewhere over the rainbow
Should you downsize your family home if aged care is on the horizon? As we approach the election the Coalition has announced that it is extending the category of people...
Aged Care in an uncertain world
After fighting for what seems like forever to keep Covid-19 and outsiders out of our State, we succumbed a few weeks ago. A bit like the perennial question of the...
Retirement Villages: The most complicated finance contracts in Australia
People occasionally approach me for advice about acquiring a unit in a retirement village. More often though, I have to consider the documentation they have signed as they wish to...