The Australian Government introduced the Aged Care Bill (2024) to Parliament on 12 September 2024. It passed Parliament on 25 November 2024 and it will become the new Aged Care Act 2024 (Cth) from 1 November 2025 (New Aged Care Act). From a risk standpoint, we are currently seeing residential aged care facilities facing challenges from a number of perspectives: funding, workforce and capacity. Currently there are around 270,000 beds in residential aged care facilities across the country.
