Retirement
Industry-led system proposed to tackle aged care workforce issues
The government is set to launch an industry-led committee that will develop the standards for aged care vocational training and “tackle critical skills” and workforce issues.
Industry-led system proposed to tackle aged care workforce issues
The government is set to launch an industry-led committee that will develop the standards for aged care vocational training and “tackle critical skills” and workforce issues.
The Industry Reference Committee (IRC) will address the critical skills and issues associated with Australia’s aged care workforce needs, Minister for Aged Care Ken Wyatt said on Wednesday.
“Aged care is an exciting and rapidly expanding field, with growing professional and career opportunities,” Mr Wyatt said.
“This new IRC will play an important role in Australia’s wider aged care reform by bringing industry together to help drive the necessary competencies and capabilities to deliver safe, quality care.”
Assistant Minister for Vocational Education and Skills Karen Andrews added that the IRC is an example of how industry-led systems can respond to “significant workforce issues and drive change”.

“Through IRCs, we put industry front and centre in determining the skills and knowledge students and employers need, both now and into the future,” she said.
“This new IRC, dedicated to aged care, has come about because the sector is telling us there is a clear case for change.”
Including consumer advocates, peak industry bodies and both employer and employee representatives, the IRC will be built by the Australian Industry Skills Committee (AISC) with a goal to review and develop the national competency standards for aged care vocational training.
It will also help facilitate “any required education and training reforms”.
The IRC will address the workforce issues identified by the government’s Aged Care Workforce Strategy Taskforce.
Heading up this taskforce is Professor John Pollaers. Commenting on the establishment of the IRC, he said, “The Taskforce has been consulting rigorously and widely to understand the critical touchpoints in the care people need as they age.
“The new aged care IRC will be an opportunity for industry and consumers to work together to consider the competencies and skills needed by the workforce, as well as how to incorporate new living well models of care and career pathways.”
The AISC is currently seeking public feedback on the structure and feedback of the proposed IRC.
The public can submit their opinions of whether the structure reflects the aged care sector, whether any representative types should be added or removed and whether the structure preserves a consumer focus until Wednesday, 4 April.
Retirement Planning
Majority of Australians still unsure about their retirement prospects
A recent survey conducted by MFS Investment Management® has shed light on the ongoing uncertainty faced by many Australians regarding their retirement plans. Despite a slight increase in confidence ...Read more
Retirement Planning
Wage growth steadies as businesses navigate economic challenges
In a sign that the Australian labour market may be finding equilibrium, wage growth has stabilised this quarter, according to Employment Hero's latest data. This development comes as employers ...Read more
Retirement Planning
Simplified retirement advice: Key to overcoming behavioural biases, experts say
In a bid to enhance retirement outcomes for Australians, a recent whitepaper by Industry Fund Services, in collaboration with Challenger, has highlighted the importance of simplifying retirement ...Read more
Retirement Planning
Rest launches Retire Ready digital experience to empower members approaching retirement
Rest, one of Australia’s largest profit-to-member superannuation funds, has unveiled a new digital experience aimed at making retirement preparation simpler and more personalised for its members. Read more
Retirement Planning
New Framework Aims to Bridge Australia’s Financial Advice Gap
A ground-breaking framework introduced by the Actuaries Institute promises to revolutionise how Australians access financial support, potentially transforming the financial wellbeing of millionsRead more
Retirement Planning
The downsizer dividend: how Australia’s ageing shift will reshape property, finance and AI strategy
Downsizing is moving from a personal milestone to a system-level lever for Australia’s housing market. As policymakers court reforms and agents eye fresh listings, the real profit pools will accrue to ...Read more
Retirement Planning
Half of Australians financially insecure about retirement as AMP launches new initiative
In a significant move aimed at addressing the retirement concerns of Australians, AMP has unveiled the Retirement Confidence Pulse, a national barometer designed to gauge the financial confidence of ...Read more
Retirement Planning
North introduces Grow to expand Australia's financial advice footprint
In a bid to bridge the gap between the demand for financial advice and its accessibility, North, a prominent platform for superannuation and retirement in Australia, has launched an innovative ...Read more
Retirement Planning
Majority of Australians still unsure about their retirement prospects
A recent survey conducted by MFS Investment Management® has shed light on the ongoing uncertainty faced by many Australians regarding their retirement plans. Despite a slight increase in confidence ...Read more
Retirement Planning
Wage growth steadies as businesses navigate economic challenges
In a sign that the Australian labour market may be finding equilibrium, wage growth has stabilised this quarter, according to Employment Hero's latest data. This development comes as employers ...Read more
Retirement Planning
Simplified retirement advice: Key to overcoming behavioural biases, experts say
In a bid to enhance retirement outcomes for Australians, a recent whitepaper by Industry Fund Services, in collaboration with Challenger, has highlighted the importance of simplifying retirement ...Read more
Retirement Planning
Rest launches Retire Ready digital experience to empower members approaching retirement
Rest, one of Australia’s largest profit-to-member superannuation funds, has unveiled a new digital experience aimed at making retirement preparation simpler and more personalised for its members. Read more
Retirement Planning
New Framework Aims to Bridge Australia’s Financial Advice Gap
A ground-breaking framework introduced by the Actuaries Institute promises to revolutionise how Australians access financial support, potentially transforming the financial wellbeing of millionsRead more
Retirement Planning
The downsizer dividend: how Australia’s ageing shift will reshape property, finance and AI strategy
Downsizing is moving from a personal milestone to a system-level lever for Australia’s housing market. As policymakers court reforms and agents eye fresh listings, the real profit pools will accrue to ...Read more
Retirement Planning
Half of Australians financially insecure about retirement as AMP launches new initiative
In a significant move aimed at addressing the retirement concerns of Australians, AMP has unveiled the Retirement Confidence Pulse, a national barometer designed to gauge the financial confidence of ...Read more
Retirement Planning
North introduces Grow to expand Australia's financial advice footprint
In a bid to bridge the gap between the demand for financial advice and its accessibility, North, a prominent platform for superannuation and retirement in Australia, has launched an innovative ...Read more
