Weekend Edition: Age Care Crisis Only Partially Fixed
Friday 28th March 2025Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here.New aged care legislation, which becomes law on July 1st, goes somewhere to fixing the funding crisis that has plagued the aged care industry over recent decades. Residents will need to pay more from their assets and super funds. Russell Bricknell is CEO of Juniper Aged Care in Western Australia and says it provides a path for future investment, but there’s a large amount of catching up to do. Many facilities have fallen into states of…
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