Retirement
PM unveils $452m funding package following ‘harrowing review’
The federal government has announced that it will spend almost half a billion dollars on immediate measures to help overhaul the aged care sector following the release of the aged care royal commission report.
PM unveils $452m funding package following ‘harrowing review’
The federal government has announced that it will spend almost half a billion dollars on immediate measures to help overhaul the aged care sector following the release of the aged care royal commission report.
The final report by commissioners Tony Pagone and Lynelle Briggs has made 148 recommendations, in which they call for a fundamental change to the system.
“The extent of substandard care in Australia’s aged care system reflects both poor quality on the part of some aged care providers and fundamental systemic flaws with the way the Australian aged care system is designed and governed. People receiving aged care deserve better. The Australian community is entitled to expect better,” Commissioner Briggs said in the final report.
The recommendations include approving home care packages within one month from the date of a person’s assessment and clearing the waitlist by the end of 2021.
It also recommends a simpler and fair approach to personal contribution and means testing, including removal of co-contributions toward care, reducing the high effective marginal tax rates that apply to many people receiving residential aged care, and phasing out refundable accommodation deposits.
“Many of our recommendations and observations are made jointly, but there are some instances where we make differing recommendations and observations,” Commissioner Pagone explains in his preface.
“We have agreed, with some misgivings and not without anxious consideration, to make some separate recommendations and to express different views where we diverge.”
“But we both strongly conclude that fundamental change is needed. In the end, the differences between us may add to the strength of the reforms which are to be made.”
The report is the culmination of 28 months of work, including 23 public hearings involving 641 witnesses. More than 10,500 public submissions were received.
Following the release of the Royal Commission into Aged Care Report, Prime Minister Scott Morrison described the process as “harrowing” but praised the work of the commissioners.
Mr Morrison admitted it would take “quite considerable time to achieve the scale of change”, when he unveiled the five-year plan following the report, but pointed to some of the immediate measures, including $18 million to enhance oversight of home care packages and $92 million to create more than 18,000 places for additional aged care workers between now and mid-2023.
“These immediate steps will drive improved quality of care by strengthening aged care provider governance, and improved oversight of home care, which will ensure senior Australians and taxpayers are getting value for money,” Mr Morrison said.
“It will provide additional financial assistance for residential care providers so they can improve care, while building the much-needed workforce of the future to support Australians who want to age in their own homes.”
Council on the Ageing Australia chief executive Ian Yates said the onus was now placed on the Morrison government to address the systematic issues with home care, nursing home regulation, staffing and transparency.
“The fact that there are a few alternative recommendations from the commissioners on the best way to manage and fund the aged care system in no way lets government off the hook. There are no barriers to commencing urgent and long-awaited reforms.”
“The evidence is overwhelming: we need a major transformation of the system, and older Australians shouldn’t wait a day longer than needed to be guaranteed choice, dignity and quality in aged care,” Mr Yates concluded.
About the author
About the author
Retirement Planning
Empowering your future: Financial literacy and retirement planning in Australia
In today’s complex financial landscape, achieving a secure and comfortable retirement requires more than just saving money. It demands a deep understanding of financial concepts and the ability to ...Read more
Retirement Planning
How much do you need to retire comfortably in Australia?
Retiring comfortably in Australia is a goal shared by many, but achieving this requires careful financial planning and a clear understanding of the cost of living. Read more
Retirement Planning
Retirement planning advice for Australians: Avoiding common pitfalls
Retirement planning is a critical step in securing your financial future, but it's fraught with potential pitfalls that can derail even the best-laid plans. Read more
Retirement Planning
Mastering financial planning for retirement in Australia
Financial planning for retirement is a nuanced journey that requires careful consideration and strategic planning, particularly in Australia's unique financial landscape. Read more
Retirement Planning
Crafting your retirement planning spreadsheet in Australia
Retirement planning is a crucial aspect of financial management, especially in Australia where the landscape of superannuation and investments offers unique opportunities and challenges. Read more
Retirement Planning
Maximising your pension plan in Australia: Strategies for a comfortable retirement
In the ever-evolving landscape of retirement planning in Australia, securing a comfortable retirement through your pension plan has become increasingly important. Read more
Retirement Planning
Supporting our veterans: A guide to financial resources and benefits
Military veterans have made invaluable contributions to their country, and in recognition of their service, there are numerous financial resources and benefits available to support them in civilian ...Read more
Retirement Planning
The ultimate retirement planning checklist for Australians
Retirement planning is a multifaceted process that demands careful attention to financial, legal, and personal considerations. Read more
Retirement Planning
Empowering your future: Financial literacy and retirement planning in Australia
In today’s complex financial landscape, achieving a secure and comfortable retirement requires more than just saving money. It demands a deep understanding of financial concepts and the ability to ...Read more
Retirement Planning
How much do you need to retire comfortably in Australia?
Retiring comfortably in Australia is a goal shared by many, but achieving this requires careful financial planning and a clear understanding of the cost of living. Read more
Retirement Planning
Retirement planning advice for Australians: Avoiding common pitfalls
Retirement planning is a critical step in securing your financial future, but it's fraught with potential pitfalls that can derail even the best-laid plans. Read more
Retirement Planning
Mastering financial planning for retirement in Australia
Financial planning for retirement is a nuanced journey that requires careful consideration and strategic planning, particularly in Australia's unique financial landscape. Read more
Retirement Planning
Crafting your retirement planning spreadsheet in Australia
Retirement planning is a crucial aspect of financial management, especially in Australia where the landscape of superannuation and investments offers unique opportunities and challenges. Read more
Retirement Planning
Maximising your pension plan in Australia: Strategies for a comfortable retirement
In the ever-evolving landscape of retirement planning in Australia, securing a comfortable retirement through your pension plan has become increasingly important. Read more
Retirement Planning
Supporting our veterans: A guide to financial resources and benefits
Military veterans have made invaluable contributions to their country, and in recognition of their service, there are numerous financial resources and benefits available to support them in civilian ...Read more
Retirement Planning
The ultimate retirement planning checklist for Australians
Retirement planning is a multifaceted process that demands careful attention to financial, legal, and personal considerations. Read more