Skip to main content RSS Info Close Search
Feedback

Home equity and personal capital in aged care

Benetas chief executive, Sandra Hills, has responded to comments made by the Minister for Social Services, Scott Morrison, on the issue of home equity and funding for aged care.

<p>Benetas chief executive, Sandra Hills, has responded to comments made by the Minister for Social Services, Scott Morrison, on the issue of home equity and funding for aged care.</p>

Benetas chief executive, Sandra Hills, has responded to comments made by the Minister for Social Services, Scott Morrison, on the issue of home equity and funding for aged care.

Ms Hills says the issue is part of a broader discussion which needs to be had in terms of personal capital, funding and the sustainability of the aged care sector in Australia.

“The Minister is correct in saying we need to ensure our domestic system is robust and sustainable,” Ms Hills says.

“How we manage home equity and personal capital in terms of providing aged care for a growing population is a critical issue. This is a discussion that must be had but one which should be thorough and wide ranging,” she says.

Benetas is calling on the federal government to ensure any and all discussions of home equity be considered as part of a broader review of aged care funding arrangements.

“If we are to have this discussion, it cannot be one which is had in seclusion nor actioned lightly. Proposals must draw upon expert advice, open to consultation and the implications of new initiatives fully understood,” she says.

Ms Hills highlights the impact of proposed changes to the Age Pension indexation and continued proposals for planning a demand driven system as additional impacts on Australia’s aged care system going forward.

“This should be a full review of these issues and should build upon previous work by the Productivity Commission and a range of stakeholders to determine a path forward,” she says.

Share this article

Comments

Read next

Subscribe to our Talking Aged Care newsletter to get our latest articles, delivered straight to your inbox
  1. A new study published in Alzheimer’s & Dementia:...
  2. Our furry friends are more than just pets. They are cherished...
  3. The Department of Health and Aged Care will address the...
  4. As one ages, it’s a good idea to keep as healthy and active...
  5. Lutheran Services has become one of the first Aged Care...
  6. What would you like to see from the new Aged Care Act in...

Recent articles

  1. How does exercising raise funds for dementia research?
  2. The impact of visiting your local park could be greater than...
  3. Some of the roles of a nurse in aged care may seem unexpected
  4. Changes to the quality standards are proposed in the new Aged...
  5. In 2022 – ‘23, expenditure on aged care was approximately...
  6. New findings reignite the debate about surveillance in...
  7. Should you get the flu vaccine this year?
  8. A classic video game console has found a new audience in...
  9. There are genetic and modifiable factors that make people...
  10. This Easter, tightening connections could help combat...
  11. Improving your diet and increasing exercise could reduce your...