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Last year’s post-budget photo ops were all heavy machinery and hard hats. But this year we can expect soft-focus shots with children and the elderly. The big story of the budget is not just that the government is spending tens of billions more as we emerge from the recession; it is also the major shift in what the money will be spent on. The change in fiscal strategy – from a “construction-led recovery” last year to a concerted emphasis on women and the care sector this year – is based on solid economic advice. It has also come at the best possible time for a government that has b...

The big investment in aged care announced in last night’s federal budget – an extra A$17.7 billion over five years – is a welcome response to the Royal Commission into Aged Care Quality and Safety. But even an investment of this scale does not meet the level of ambition set by the royal commission. The government has committed A$6.5 billion for more home-care packages (about A$2.5 billion more for home care per year when fully implemented), and A$7.1 billion for residential-care staffing and services (about $2.4 billion more for residential care per year when fully implemented). But t...

ASX aged care shares in focus after final results of Royal Commission released Marc Sidarous | March 1, 2021 5:35pm | More on: Regis Healthcare Ltd(ASX: REG) share prices are mixed today after the Australian government’s Royal Commission into Aged Care Quality and Safety delivered its final report. Estia shares closed 7 cents lower to finish a $2.07. Japara closed the day 4.77% higher to finish at 81 cents per share. Regis shares closed 0.25% higher to end the day at $1.98. All 3 ASX shares experienced a fall in the half-hour before closing – while the Prime Minister was speaking on the...