FY23 Full-Year Results Presentation slide image

FY23 Full-Year Results Presentation

Regis Healthcare Limited | FY23 Full-Year Results Presentation Other Matters Potential Employee Entitlement Underpayments As previously reported, Regis announced to the ASX on 9 August 2021 that it had identified potential underpayments of employee entitlements to certain current and former employees under its enterprise agreements. These payment shortfalls had arisen because some employee entitlements due under various enterprise agreements were recorded inaccurately in the payroll system. This has led to incorrect payments to a number of employees. Regis, with the assistance of external advisors, continues to determine the extent of the underpayments. Based on additional analysis undertaken during the period, Regis has maintained a provision of $37.7 million at 30 June 2023. Expect remediation to occur in H1 FY24 Independent Capability Review of the Aged Care Quality and Safety Commission (ACQSC) Review commissioned to ensure that the aged care sector has a fit for purpose regulator, able to uphold the rights and standards of best practice for older Australians Report is published as part of the Government's commitment to transparency and accountability in the sector and the importance of the capability review in supporting the Government's aged care reform journey Government's Aged Care Taskforce Chaired by Minister for Aged Care with members from the sector including unions, advisors and public sector Build on Royal Commission into Aged Care Quality and Safety recommendations Review funding arrangements for aged care Develop options for a system that is fair and equitable for everyone in Australia Interim advice expected in October 2023 and final report December 2023 Taskforce will provide Government with options for Consideration and a Recommended Package of Reforms that ensure that: Aged care providers are sustainably funded and benefit from introducing innovative care delivery approaches that meet older Australians' preferences Aged care funding is affordable for the Commonwealth with arrangements that balance equity and fairness between older and working-aged Australians Older Australians can see the value of their contributions relative to other funding sources There is a robust safety net that properly recognises financial capacity at different levels of income and/or life circumstances Contribution arrangements are efficient, simple to implement, and easily understood by all Australians, particularly older people - 14 - Regis Shenley Manor, Victoria regis healthcare
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