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. These charges were intended to “fund reinstatements of fixtures, fittings and infrastructure, rebuilding and construction of, or at, Regis’s residential care facilities.”
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
The Australian Broadcasting Corporation (ABC) is the national broadcaster of Australia. It is principally funded by direct grants from the Australian Government and is administered by a government-appointed board. The ABC is a publicly-own ...
produced a two-part documentary focusing on alleged neglect and abuse of older people.
References
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Companies listed on the Australian Securities Exchange
Aged care in Australia
Health care companies of Australia