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Business View Australia - July 2015 17

nd

ing

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