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How Can Overseas Investors Take Advantage of Australia’s Growing Aged Care Industry?

How Can Overseas Investors Take Advantage of Australia’s Growing Aged Care Industry?

With the aging population of Australia continuing its rapid growth, the demand for products, services, and accommodation that caters to these communities is increasing.

This trend presents tremendous opportunities for investors, and overseas organisations are increasingly interested in exploring business opportunities in the seniors market. But, the legislation regulating this market is complex and it can be difficult to identify which industry is most suitable. Different sectors are subject to different legal requirements and present different asset and profit opportunities.

The industries with arguably the greatest potential for commercial success are the Retirement Villages industry and Aged Care industry. While both industries are primed to provide enormous investment opportunities to overseas investors, it is essential that any individual or organisation contemplating investment understand the key features of each industry. Not only are they very different in how their products, services, and accommodation are designed and marketed to the seniors community, each industry is regulated with vastly different sets of legal rights and obligations which can impact an organisations ability take full advantage of the opportunities arising in this market.

This article outlines the key features that overseas investors should be aware of when first considering whether to you invest in the Retirement Villages or Aged Care industries in Australia.

What To Do When Your Resident Is Too Ill To Stay In Your Retirement Village

What To Do When Your Resident Is Too Ill To Stay In Your Retirement Village

As a retirement village operator, you are required to provide a safe and suitable environment for your residents to live. Residents also enjoy security of tenure. Unfortunately, it is not unusual for residents to experience a deterioration in their mental or physical health while living in a retirement village. Sometimes, this can mean that the village is no longer a safe place for them to live in. Often, the resident and their family recognises the need to make other arrangements and you as operator can help them transition to a better environment. But what happens if they don’t want to leave despite the risk?

Read on for more information about the four steps an operator should take when there is reason to believe that the resident is too ill to live safely in your retirement village.

Jessica Kinny recognised in Doyle's Guide to Leading Health & Aged Care Lawyers – New South Wales, 2019

Jessica Kinny recognised in Doyle's Guide to Leading Health & Aged Care Lawyers – New South Wales, 2019

We are delighted to announce that Jessica Kinny, Solicitor Director of Kinny Legal, has been listed as a Recommended Lawyer in the Doyle's Guide to Leading Health & Aged Care Lawyers – New South Wales, 2019 .

Dignity of risk under the new Aged Care Quality Standards

Dignity of risk under the new Aged Care Quality Standards

Dignity of risk has been a recognised an essential part of consumer directed care for some time in the aged care industry, and is now a requirement under Standard 1 of the new Aged Care Quality Standards (the new Standards).  This means that, from 1 July 2019, aged care providers must be able to provide that they are providing care and services in a way that facilitates consumer choice, including choices to take risk.  But what does this mean for your aged care facility?  And how can you facilitate consumer risk taking without exposing your own aged care facility to unwanted risk?