Albanese Unveils Near $10 Billion Aged Care Overhaul With Opposition Support

Treasurer Jim Chalmers said the reform will make the budget more sustainable.

An elderly woman rests on a bench in Sydney, Australia, on June 2, 2016. Brendon Thorne/Getty Images

Prime Minister Anthony Albanese has announced a substantial $9.9 billion investment in aged care, allocating $5.6 billion for sector reforms and $4.3 billion for home support, starting July 1, 2025.

“We will deliver historic aged care reforms to ensure the viability and quality of our aged care system,” Albanese stated, emphasising that the reforms would have “a need-based approach for the generation that cared for us.”