Analyst suggests some in the industry are misleading the public about their financial position to demand higher fees
Get our morning and afternoon news emails, free app or daily news podcast
Australia’s aged care industry has been accused of misleading the public about its finances, with analysis revealing one of Australia’s biggest providers recorded significant earnings and acquisitions last financial year, despite reporting a loss.
The sector has pointed to data from accounting firm StewartBrown showing 70% of providers are running deficits to lobby for more federal funding, but industry analysts say it is an unreliable reflection of the sector’s financial performance.
Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup
Continue reading…Analyst suggests some in the industry are misleading the public about their financial position to demand higher feesGet our morning and afternoon news emails, free app or daily news podcastAustralia’s aged care industry has been accused of misleading the public about its finances, with analysis revealing one of Australia’s biggest providers recorded significant earnings and acquisitions last financial year, despite reporting a loss.The sector has pointed to data from accounting firm StewartBrown showing 70% of providers are running deficits to lobby for more federal funding, but industry analysts say it is an unreliable reflection of the sector’s financial performance.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading…