COVID-19 funding boost for Aged Care industry

The Federal Government recently announced a $52.9 million funding boost to provide further financial support for residential aged care providers during the COVID-19 crisis.

COVID-19COVID-19 Aged Care Support Program

The Aged Care Support Program worth  $52.9 million runs over the 2020 and 2021 financial year and supports Aged Care Providers with a grant opportunity that aims to reimburse eligible aged care providers for expenses incurred in managing the direct impacts of COVID-19 on their business.

Providers which meet the required grant criteria can be reimbursed for eligible expenditure on activities such as salary and wages of new and existing staff, contractor’s expenses, purchase or hire of equipment and resources for managing infection control as well as training staff in infection control. 

The funding is available for eligible expenditure by providers with one or more COVID-19 infected or isolated residents, staff or care recipients in the period between 24 February 2020 and 31 May 2021.  Applications for funding are available until 31 May 2021.

For grant, eligibility and more information, please click here.

The program forms part of the Australian Government’s COVID-19 Health Package, which includes the ‘retention bonus’ to support the Aged Care sector as they care for elderly Australians throughout the pandemic.

For more information on the Australian Government's additional funding for aged care during COVID-19, please click here.

How can RSM help?

Get the right advice for the aged care industry during COVID-19.  Please reach out to your local RSM office who can assist and update you upon further information being released.