The Aged Care Bill, tabled in Parliament on 12 September 2024, brings significant reforms aimed at addressing the financial challenges of Australia’s aged care sector. This update provides a quick overview of the changes, but the Aged Care Steps team is continuing to analyse the changes and will provide more details as they become available.

Industry super funds are facing many challenges including meeting emerging regulatory requirements and the needs and demands of their members. Amongst these changes, navigating, planning and funding aged care and frailty in retirement have emerged as a ‘hot topic’ for superannuation funds.

Industry leader Aged Care Steps has launched the 2024 Aged Care Adviser of the Year Awards.

Superannuation is often a client’s largest asset, after their home. So it is not surprising that it can have major impact on aged care fees. But it can also provide strategic advantages. In this article, we explain how superannuation impacts aged care.

The 2024-25 Budget did not deliver the expected changes to aged care fees and funding. Is this good news or bad news, and what might be ahead?

Research has found 94% of Australians aged 18 to 54 are very concerned about the cost of aged care. This includes costs for themselves, as well as for their parents.