Financial

AGED CARE FINANCIAL STRESS

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Aged Care Association Australia (ACAA) has called on the Federal Government in its 2009-10 budget submission to significantly reform the aged care funding scheme. ACAA CEO, Rod Young said, “reform is essential if Government is to avoid significant decline in future capacity.”

“With a projected trebling of demand for services over the next thirty year and a current infrastructure investment of $1.5B per annum, it is essential that the current system is reformed to enable the industry to continue to invest,” said Mr Young. “These are not short term issues. From initial concept to a fully functioning residential care facility, it can take five to seven years; which means system sustainability is essential,” said Mr Young.

The ACAA budget submission among other things called on the Federal Government to: ▪ uncap the daily accommodation charge for high income older people and increase it for those on medium income so that it is equivalent to the average previous year bond.

This measure has no cost to Government; and ▪ provide real choice to older Australians who want to pay an upfront refundable deposit for their high care accommodation.

This measure has no cost to Government; and link Government payments for concessional residents to the average modern bed cost.

This measure is estimated to have a cost to Government of $422M. ▪ if the above steps occur then Aged Care Assessment Teams (ACATs) assessments should apply to entry into care not to level of care. ACAA represents over one thousand providers of seniors housing, retirement living, community care and residential care services nationally.

AgeWell RoadShow

AGED CARE FUNDING INSTRUMENT

ACFI INDUSTRY ADVICE
The introduction of the Aged Care Funding Instrument (ACFI) on 20th March 2008 represented one of the biggest changes in residential aged care since the passing of the Aged Care Act in 1997. Many person hours of effort from the Government and from industry representatives and stakeholders has gone into the design of ACFI and making its introduction as smooth as possible.

The information presented through the links below has been developed by ACAA and ACSA. It is intended to complement that produced by the Department of Health and Ageing and a link to their web site may also be found below. Presenting issues, questions and other material from an industry perspective will aid understanding of the ACFI and assist in collecting information to support any changes which may be required as implementation proceeds.

Feedback on this site and the information contained within it is welcome and should be directed to info@agedcareassociation.com.au or through your State Association.

Contact Us

Aged Care Association Australia (ACAA)
Level 1
32 Napier Close
Deakin ACT 2600

PO Box 335
Curtin ACT 2605

T: 02 6285 2214 or 08-9409 7098
F: 02 6281 5223
E: info@agedcareassociation.com.au