Funding arrangements

CA ANZ recognised the urgent need for reforms to take place as soon as practicable in the aged care sector. However, it is crucial to have clear guidance regarding funding arrangements to ensure that these significant reforms run smoothly when they commence.

Financial advisers acting under the Corporations Act and Code of Ethics

We do not support any requirement that would require those providing aged care funding assistance or advice to hold, or be an authorised representative of, an Australian Financial Service License. Feedback from members indicates confusion in the market on this point, which in some cases has added to the cost of seeking advice from a range of professional advisers.