In the news

Bupa’s aged care homes are failing standards across Australia. Plus the operation to relocate fish from Menindee to a healthier part of the Darling River.

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Bupa’s aged care homes failing standards across Australia

More than half of the nursing homes run by Australia’s largest private provider Bupa are failing basic standards of care and 30 per cent are putting the health and safety of the elderly at “serious risk”, according to accreditation reports analysed by the ABC. Advocates are now asking whether Bupa — which receives almost half a billion dollars in government funding each year — is fit to be an aged care provider.

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Google-linked drone delivery service accused of profit shifting during world-first Australian trial

Google-affiliated drone delivery firm Wing has been accused of profit shifting during its world-first service currently rolling out in Canberra. Its tax expense during the period was listed as $144,000, after accruing more than $5 million in revenue in Australia. Wing Aviation’s financial accounts showed it recorded payments of $3.2 million to its offshore corporate group

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The LNG industry is booming. So why are we not getting the royalties?

In 2017-18, LNG companies in Australia had revenue totalling $29.7 billion, yet paid just $1.07 billion in royalties levied under the petroleum resource rent tax (PRRT). In 2016-17, from revenue of $22.7 billion, they paid only $970 million in PRRT. By comparison, Qatar, a close second behind Australia in production, received a staggering $26 billion in royalties.

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Family-owned providers criticised for lack of financial transparency

“The lack of information available on financial operations of these companies is pretty stunning and alarming, and clearly there needs to be far more public accountability on public funding and transparency in terms of financial practices and spending,” Jason Ward told Australian Ageing Agenda.

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