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Pagone also proposed the sector be governed by a prudential regulator, as banks, insurance companies and superannuation funds are. This body would set and enforce minimum standards for financial strength and disclosure in the sector, which both commissioners said lacked transparency. The commission found that large for-profit companies now control about 40% of the aged care market, up from 34% a decade ago. As Guardian Australia reported last year, for-profit homes were also hit hard by the coronavirus outbreak that killed more than 800 residents in Victoria. Not-for-profit homes run by charities and churches were also outbreak centres, but those run by the Victorian government largely escaped Covid-19.

South australiaTony pagoneJason wardJoseph ibrahimLynelle briggsCentre for international corporate tax accountabilityResearch unit at monash universityHealth lawGuardian australiaAgeing research unitMonash universityApple payInternational corporate tax accountabilityதெற்கு ஆஸ்திரேலியாஜேசன் வார்டுஜோசப் இப்ராஹிம்