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Business View Australia - July 2015 17
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The country has more than a
million people who receive some
form of aged care services and the
government spends $14 billion for
their welfare. It is estimated that
this expenditure will rise to $17.5
billion per annum by 2016-17. The
aged care industry is an employee-
intensive business and there are
about 350,000 staff employed by
over 2,000 aged care providers.
Seniors who do not require care
around the clock are provided for by
the government through numerous
programs which are available
for assisted living. Based on
individual requirements, facilities
such as help with housework or
help with bathing and dressing
are available. The government
subsidises a range of services to
assist persons who need such help.
About 160,000 people live in aged
care facilities and this number is
expected to rise with increased
longevity. However, the majority of
older people do not live in aged care
facilities but are eligible to receive
support from the government
based on their needs and income
levels. The government actively
encourages this option as it helps
seniors stay in familiar surroundings
and remain active for as long as