Regis Healthcare Ltd is an Australian aged care operator listed on the Australian Securities Exchange. Not to be confused with the Welsh company of the same name.
On 2 March 2018 the Federal Court of Australia decided that its Asset Replacement Charge was not consistent with the Aged Care Act 1997.[1] These charges were intended to “fund reinstatements of fixtures, fittings and infrastructure, rebuilding and construction of, or at, Regis’s residential care facilities.”[2]
The company lost about a sixth of its value in September 2018 when the government announced a public inquiry into misconduct in the aged care sector and the Australian Broadcasting Corporation produced a two-part documentary focusing on alleged neglect and abuse of older people.[3]
References[edit]
- ^ "Regis Healthcare Ltd share price falls on court decision". The Motley Fool. 8 March 2018. Retrieved 2 November 2018.
- ^ "What Approved Providers can and cannot charge under the Aged Care Act – Regis Aged Care Pty Limited v Secretary, Department of Health [2018]". Holman Webb Lawyers]. 19 April 2018. Retrieved 2 November 2018.
- ^ "Australian care providers for aged hit by inquiry". Financial Times. 17 September 2018. Retrieved 2 November 2018.