On 8 August 2011, the Federal Government released the
Productivity Commission's final report on its investigation
into the aged care system titled, 'Caring for Older
Australians'.
The final report extends over 1000 pages and contains 58
recommendations which will affect consumers, residents, providers,
developers and financiers.
While many of the recommendations reflect the principles and
concepts contained in the draft report, the final report provides
greater detail and clarity to a number of initiatives. Many
of those recommendations have been the subject of extensive media
attention, which has been focusing on the impact on consumers and
the family home.
Though such matters are important, a closer reading of the
report reveals a number of other initiatives and recommendations
which will impact providers including the provision of greater
flexibility for operations coupled with greater scrutiny and
increased penalties.
