Opinion Piece: Aged Care Bill 2024
What will this mean for investment in aged care?
The Australian Government’s introduction of the Aged Care Bill 2024 to Parliament in September 2024 aims to reform the aged care sector, enhancing its sustainability.
The massive increase in demand for aged care services over the next decade is unaffordable in an Australian economy with a rapidly shrinking taxpayer base.
The government funds more than 90% of direct aged care costs, which cannot continue as the Baby Boomer generation becomes the largest consumer.
