Federal Budget Wrap 2018-19
Social security and aged care measures
Social security and aged care measures
|Protecting older Australians and establishing a National Register of Enduring Powers of Attorney
||Provides $22.0 million over five years from 2017-18 to protect the rights of older Australians and protect them from abuse.
The measure will support:
- expansion and evaluation of trials of:
- specialist elder abuse units located in legal services,
- health justice partnerships, and
- family counselling and mediation services,
- an Elder Abuse Knowledge Hub,
- a National Prevalence Research scoping study, and
- development of a National Plan to address elder abuse.
The Government will also work with the States and Territories to develop a nationally consistent legal framework and establish a National Register of Enduring Powers of Attorney.
|Stay at home and remain healthy and independent for longer, and improve access to high quality, safe aged care
||Amongst other policies, the measure will:
- deliver an additional 14,000 new high level home care packages over four years from 2018-19 in addition to the 6,000 high level packages delivered in the 2017-18 MYEFO,
- invest capital of $60 million to release 13,500 residential aged care places and 775 short term restorative care places in the 2018-19 Aged Care Approvals Round,
- provide funding of $61.7 million over two years from 2018-19 to make the My Aged Care website easier to use and will develop simpler assessment forms for people to access aged care services,
- combine the Residential Care and Home Care programs from 1 July 2018 to provide greater flexibility to respond to changes in demand for home care packages and residential aged care places,
- establish a new Aged Care Quality and Safety Commission from 1 January 2019,
- provide $50 million over two years from 2018-19 for a Quality Care Fund to improve the quality of residential aged care,
- provide funding of $82.5 million over four years from 2018-19 for mental health services for people in residential aged care facilities.
|Jobs and skills for mature age Australians
||Provides $189.7 million over five years from 2017-18 to support mature age Australians to adapt to the transitioning economy and develop the skills needed to remain in work, including:
- enhancing employability, develop digital skills and identify opportunities in local labour markets,
- training funding of up to $2,000 for workers aged 45 to 70 years to take up reskilling or upskilling opportunities, with the Government contribution to be matched by either the worker or their current employer,
- supporting mature age workers who are considering early retirement or who are retrenched to look at alternatives to remain in employment,
- promoting entrepreneurship and new business opportunities and to provide business mentoring, and
- $1.1 million in 2018-19 to restructure the Employment Fund to allow additional wage subsidy places for mature age employees.
|Finances for a longer life: Enhancing the standard of living of older Australians
||This measure commences on 1 July 2019, and comprises:
- increasing the Pension Work Bonus from $250 to $300 per fortnight to earn up to $7,800 each year without impacting their pension
- It will also be expanded to allow self-employed retirees to earn up to $300 per fortnight without impacting their pension,
- amending the pension means test rules to encourage the development and take up of lifetime retirement income products that can help retirees manage the risk of outliving their savings, and
- expanding the Pension Loans Scheme to everyone over Age Pension age and to increase the maximum fortnightly income stream to 150% of the Age Pension rate, enabling Australians to use the equity in their homes to increase their incomes.
Last modified: Friday, June 1, 2018