Sue Dunlevy, National Health Correspondent, News Corp Australia Network Subscriber only | September 2, 2020 7:40am

Exclusive: As the aged care industry cries poor some owners are not short of cash.

Queensland TriCare’s owners Paul O’Shea and sons Peter, John and Damien have had enough spare cash to donate over $80,000 to the Queensland’s Liberal National Party in recent years.

The O’Shea family was ranked 30th in Queensland’s Top 150 Rich List in 2014 worth $342 million.

Last night they told News Corp Australia this amount was “significantly overstated and we didn’t seek to correct at the time”.

Attention has been drawn to the fact the company is based in Norfolk Island.

The Centre for International Corporate Tax Accountability and Research found TriCare received $66 million aged care funding from the Federal Government in 2016-17 while the entire GDP of Norfolk Island estimated to be $68m a year in 2013-14.

The firm has said neither TriCare nor its shareholders receive any tax benefit in relation to Norfolk Island.

Read full story HERE.

QLD Aged Care Struggle Despite Owners Massive Wealth The Courier Mail