Qld research on managing money and property in older age
A team of researchers, led by Associate Professor Tilse and Professor Jill Wilson, in the School of Social Work and Human Services at The University of Queensland, is conducting research about how residents in aged care facilities are assisted to manage their assets and valuable possessions.
Their current project, ‘Managing Older People’s Financial Assets in Aged Care Facilities: The Intersection of Legal and Care Requirements and Financial Management Practices’ is funded by the Australian Research Council in association with Blue Care, Tricare and the Office of the Adult Guardian in Queensland.
It is generally agreed that for aged care facilities this is a complex and risk laden area, with a range of competing obligations, but as yet, there has been no systematic study of the issues.
The aim of this research is to identify policies and practices in helping residents of aged care facilities access their money and property, and the concerns that arise for staff, residents and families in doing so.
Findings will be used to inform the development of consistent guidelines for sound asset management practices by staff, resident and families and other agencies that interact with residential aged care facilities.
The research team is about to conduct a survey of 100 senior care managers and 100 business managers/finance officers in a sample of facilities in Queensland and New South Wales.
The survey is based on key issues and questions identified during detailed interviews with staff, residents and family members in four facilities.
