The issue with the Aged Care Taskforce's recommendations isn't solely the proposed increased payments for residential care. It's about what value we'll receive for the additional investment, potentially up to $50k per year or more if we opt for additional ...

Last week, the long-awaited Aged Care Taskforce report was released, with recommendations including a wealth-based funding approach to ensure financial longevity in the sector. A total of $23.6bn was spent on aged care in 2020-21, which increased to $24.8bn in ...

The aged care taskforce has rejected the idea of a levy to cover the sector's costs and has recommended older Australians accessing care should pay more based on their personal wealth. The federal government established a taskforce last year to ...

The Albanese government has said it will not consider changing the mean-test threshold on family homes for the aged care asset test. Prime Minister Anthony Albanese confirmed that as part of the federal task force's reviews, the family home threshold ...