All in the Family: Tax and Financial Practices of Australia’s Largest Family Owned Aged Care Companies
Australia’s six largest family-owned aged care companies make a up a significant and growing
portion of the aged care sector. These six companies receive millions in annual federal funding to operate 130 facilities, with almost 12,000 beds.
Several of the largest family-owned aged care companies have complex corporate structures, intertwined with trusts, that appear specifically designed to avoid tax. Despite receiving an average of nearly $60,000 per year per resident there is very limited public information available on these companies
These family-owned aged care companies highlight the lack of transparency and accountability on public funding in the Australian aged care sector and provide clear examples of why simple reforms are needed to restore public integrity in both aged care and the broader tax system.
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