The proportion of Australians over the age of 65 is projected to double over the next forty years. This will increase demand for community aged care and residential care services and require additional investment in quality residential aged care infrastructure. Now more than ever, the growth prospects for senior living providers are enormous.
Taking full advantage of reform opportunities requires future-focussed business strategies that embrace technology, understanding the local and federal policy reform landscape, and implications on business. It also means adopting agile service delivery models and reviewing funding approaches.
BDO has a long history of involvement with the senior living industry, providing guidance and support to owners and operators during various stages of business. This includes public, private and not-for-profit providers.
Our enduring commitment to Australia’s community care, residential aged care and retirement villages means you can be confident our team will always focus on what is best for your organisation. Whether you’re an approved provider, village operator, lender or new entrants to the sector, BDO can provide tailored advice across:
- Audit and assurance
- Business consulting
- Asset protection
- Future disposal and exit strategies
- Maximising GST recovery
- Minimising exposure to income tax
- Partnership and joint ventures
- Financing requirements
- Access to capital
- Effective tax planning
- Business structuring.
We’re also committed to shaping progressive legislative reform for the sector through government lobbying and community engagement.