AdviserVoiceFederal Budget 2024-25: What happened for aged care? - AdviserVoice https://www.adviservoice.com.au/2024/05/federal-budget-2024-25-what-happened-for-aged-care/ Financial planner information & financial planner education/CPD - AdviserVoice Wed, 03 Jun 2026 21:30:15 +0000 en-US hourly 1 https://wordpress.org/?v=7.0 Federal Budget 2024-25: What happened for aged care? https://www.adviservoice.com.au/2024/05/federal-budget-2024-25-what-happened-for-aged-care/ https://www.adviservoice.com.au/2024/05/federal-budget-2024-25-what-happened-for-aged-care/#respond Wed, 15 May 2024 21:55:49 +0000 https://www.adviservoice.com.au/?p=95675

Despite the Aged Care Taskforce delivering its final report (on aged care financial viability and reform) in December 2023, the Government has delivered another Budget that has avoided making decisions around funding aged care for long-term viability.

With increasing pressure on aged care providers, and another pending wage increase for aged care workers, the funding issues cannot be ignored for long. Changes are likely to be announced when the new Aged Care Act (which has been deferred until 1 July 2025) is introduced into Parliament later this year.

Aged care measures announced in this year’s Budget continue to focus on increasing access to home care, improving the quality and regulation of aged care services and addressing workforce issues. The aged care proposals come at a cost of $2.2 billion.

Included in the 2024-25 Budget were implications for:

  • More home care packages
  • Increased funding to the Aged Care Quality & Safety Commissioner
  • Investment into IT systems and service delivery for Services Australia and MyAgedCare
  • Pay increases for aged care workers
  • A new Aged Care Act deferred until 1 July 2025
  • Flexibility for recipients of the Carer Payments.
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Despite the Aged Care Taskforce delivering its final report (on aged care financial viability and reform) in December 2023, the Government has delivered another Budget that has avoided making decisions around funding aged care for long-term viability.

With increasing pressure on aged care providers, and another pending wage increase for aged care workers, the funding issues cannot be ignored for long. Changes are likely to be announced when the new Aged Care Act (which has been deferred until 1 July 2025) is introduced into Parliament later this year.

Aged care measures announced in this year’s Budget continue to focus on increasing access to home care, improving the quality and regulation of aged care services and addressing workforce issues. The aged care proposals come at a cost of $2.2 billion.

Included in the 2024-25 Budget were implications for:

  • More home care packages
  • Increased funding to the Aged Care Quality & Safety Commissioner
  • Investment into IT systems and service delivery for Services Australia and MyAgedCare
  • Pay increases for aged care workers
  • A new Aged Care Act deferred until 1 July 2025
  • Flexibility for recipients of the Carer Payments.

The post Federal Budget 2024-25: What happened for aged care? appeared first on AdviserVoice.

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