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2024-25 Federal Budget information hub

This hub is a central repository of pertinent information on the budget decisions affecting the aged care sector.

It includes detailed policy analyses, along with information from media and other relevant sources, to help you understand how these decisions impact our sector.

We hope these resources will equip you with the insights you need to navigate the complexities of federal fiscal decision-making.

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Federal Budget 2024-25

ACCPA welcomes the Federal Budget’s $2.2 billion investment in aged care. Our Federal Budget analysis provides an overview of key announcements for aged care. Information about Federal Budget measures related to nurse minutes, migration and disability can be found in ACCPA’s supplementary analysis.

Disappointingly, the Federal Budget did not mention the Aged Care Taskforce. The sustainability of the aged care sector remains a key concern, with funding to ensure a stable and viable sector the number one challenge facing aged care in Australia.

However ACCPA’s advocacy contributed to a number of significant wins for our members in the Federal Budget. These include:

  • the Government committing to funding the Stage 3 Fair Work Commission decision to increase the award wage for both direct and indirect care workers
  • the Government announcing $531.4 million to fund an additional 24,100 Home Care Packages in 2024-25
  • confirmation that the new Aged Care Act will be implemented on 1 July 2025, pending its passage through parliament
  • greater recognition of Enrolled Nurses in nurse minutes
  • $427.4 million over four years to establish the Commonwealth Prac Payment, which will provide financial support to nursing, teaching and social work students undertaking mandatory, unpaid placements.

We thank our members who shared their knowledge, experiences and ideas to inform ACCPA’s policy and advocacy work in the lead up to the Budget, particularly those who participated in our pre-Budget submission workshops. These wins for the aged care sector would not have been possible without your insights.

Next steps

ACCPA will continue our comprehensive engagement with the Government, the opposition and the crossbench on the Aged Care Taskforce’s recommendations. Increased funding is critical to ensure a sustainable aged care sector which can deliver high quality care to older Australians, both now and into the future.

We will also continue our engagement with the Department and Government in relation to the new Aged Care Act. Key issues we have been advocating on include duties and penalties, rights and responsibilities, high quality care, supporters and representative and an independent Complaints Commissioner.

ACCPA will be engaging with the Government and relevant departments to seek further information about several Budget announcements and update members as further information comes to light. This will include further details on the funding for wage increases arising from Stage 3 of the Work Value Case once the Fair Work Commission has made its final decision.

Federal Budget 2024-25: ACCPA Analysis

We are pleased to present an initial overview of the Federal Budget 2024-25. The Budget includes a $2.2 billion investment in aged care, reflecting the Government’s commitment to continuing reforms and implementing recommendations from the Royal Commission into Aged Care Quality and Safety. Key funding initiatives focus on funding the Stage 3 Fair Work Commission decision, additional supply of Home Care Packages, the interface of health and aged care and workforce measures.

However, the sustainability of aged care remains a pressing concern. ACCPA is disappointed the Aged Care Taskforce was not mentioned in the budget. Funding to ensure a stable and viable sector is the number one challenge facing aged care in Australia.

This document provides an initial overview of the Budget’s key provisions and their potential impact on the sector. We will continue to engage with the Government and advocate for a sustainable aged care system.

Updated as of 11.45am AEST, 16 May 2024

Please be advised that we have updated our analysis of the 2024-25 Federal Budget following confirming yesterday, in a meeting with the office of Minister Wells, that care minute increases for 1 October 2024 will not be deferred and that EN minutes will count for up to 10 per cent of RN minutes (see also our Supplementary Analysis)

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Federal Budget 2024-25: Snapshot

Media release

ACCPA welcomes Government’s $2.2 billion investment in aged care, but more work to be done.

The number one priority for aged care providers is improving the lives of older Australians. They need and deserve higher levels of care and support, and we want to be able to provide it to them.” said ACCPA CEO Tom Symondson.

ACCPA Federal Budget - Tom Symondson
ACCPA CEO Tom Symondson at Parliament House on Tuesday 14 May for the Federal Budget 2024-25

2024-25 Federal Budget members’ webinar

Our Federal Budget members’ webinar  was held from 12pm – 1pm AEST on Thursday 16 May 2024, where we shared further details on what it means for aged care, and responded to member questions.

Resources

Department website

The Department of Health and Aged Care has published a range of resources about the 2024-25 Federal Budget, including factsheets, Ministers’ media releases and Portfolio Budget Statements.

Budget papers

The papers for the 2024-25 Federal Budget are available.