1 00:00:00,480 --> 00:00:05,040 Speaker 1: Daniel Gannett, Executive Director, Retirement Living Council. Daniel, good morning, 2 00:00:05,080 --> 00:00:09,000 Speaker 1: Thanks for your time this morning. You've mentioned in your 3 00:00:09,119 --> 00:00:11,880 Speaker 1: release today the silver tsunami that is coming and it 4 00:00:11,960 --> 00:00:15,240 Speaker 1: seems no planning you say in place for that. 5 00:00:15,240 --> 00:00:17,720 Speaker 2: That's right, we do have a demographic silver tsunami. It's 6 00:00:17,760 --> 00:00:20,640 Speaker 2: on its way. It has been for a really long time. 7 00:00:20,640 --> 00:00:23,239 Speaker 2: The number of people over the age of seventy five 8 00:00:23,480 --> 00:00:26,720 Speaker 2: right around Australia today there's two million people. That cohort 9 00:00:26,760 --> 00:00:30,080 Speaker 2: grows by seventy percent or up to three point four 10 00:00:30,080 --> 00:00:32,960 Speaker 2: million by twenty forty. So within the next decade and 11 00:00:32,920 --> 00:00:36,480 Speaker 2: a half there'll be a significant challenges both on society 12 00:00:36,520 --> 00:00:40,480 Speaker 2: and the economy. That course is delivered by that significant 13 00:00:40,560 --> 00:00:44,839 Speaker 2: changes to Australia's genodaphic landscape. Now this is no surprise 14 00:00:45,000 --> 00:00:48,400 Speaker 2: of government's past and present have known about these changes 15 00:00:48,440 --> 00:00:51,720 Speaker 2: coming for decades now. So the disappointing thing in the budget, 16 00:00:51,760 --> 00:00:54,920 Speaker 2: the wood relief last night is that yes, sure the 17 00:00:54,960 --> 00:01:00,000 Speaker 2: budget does focus on the housing needs of some Australian students, 18 00:01:00,080 --> 00:01:03,080 Speaker 2: on affordable housing that it absolutely suggets about it a 19 00:01:03,160 --> 00:01:06,240 Speaker 2: really large cohort of older people. How the challenge is 20 00:01:06,240 --> 00:01:10,080 Speaker 2: a first SCATD with housing accommodation, but also the delivery 21 00:01:10,080 --> 00:01:13,480 Speaker 2: of care. So you know, we're are Suprime Minister in 22 00:01:13,520 --> 00:01:16,480 Speaker 2: the lead up to this budget to include units in 23 00:01:16,600 --> 00:01:19,759 Speaker 2: retirement villages as part of his one point two million 24 00:01:19,840 --> 00:01:22,760 Speaker 2: new homes targeted by twenty twenty nine, or it's been 25 00:01:22,880 --> 00:01:26,360 Speaker 2: radio silence on that front. It's also been radio silence 26 00:01:26,680 --> 00:01:29,680 Speaker 2: from the government on the recommendations made by the Age 27 00:01:29,720 --> 00:01:34,120 Speaker 2: Care Task Force. This particular group of independent thought leaders 28 00:01:34,120 --> 00:01:36,840 Speaker 2: and industry leaders have put forward all sorts of ideas 29 00:01:36,840 --> 00:01:40,200 Speaker 2: and recommendations about the future of care, about how it 30 00:01:40,240 --> 00:01:43,240 Speaker 2: should be funded and delivered right around Australia. Or we 31 00:01:43,280 --> 00:01:45,600 Speaker 2: still haven't heard from the government about its response to 32 00:01:45,640 --> 00:01:49,200 Speaker 2: the Agecare task Force recommendation. So it's radio silence on 33 00:01:49,280 --> 00:01:51,960 Speaker 2: the future of agecare now when it does come to agecare, 34 00:01:52,040 --> 00:01:54,360 Speaker 2: and of course a lot of people do confuse age 35 00:01:54,360 --> 00:01:57,960 Speaker 2: care facilities with retirement villages around the country. 36 00:01:58,160 --> 00:02:02,120 Speaker 3: Age care is the government's force biggest payment program just 37 00:02:02,240 --> 00:02:05,160 Speaker 3: under one hundred and sixty billion dollars of the next 38 00:02:05,200 --> 00:02:07,520 Speaker 3: four years. And that's why we're saying for Cedil government, 39 00:02:08,000 --> 00:02:10,400 Speaker 3: we have a housing and care solution hiding in playing 40 00:02:10,440 --> 00:02:14,359 Speaker 3: sight in retirement to these communities can provide and deliver 41 00:02:15,200 --> 00:02:19,000 Speaker 3: consumer and paid care at Gales, it's a far more 42 00:02:19,000 --> 00:02:22,320 Speaker 3: efficient program. We've heard nothing from the SEDIL government about 43 00:02:22,320 --> 00:02:24,840 Speaker 3: how we can build more efficiency into the future of care. 44 00:02:24,880 --> 00:02:27,360 Speaker 3: So if this is a pro housing budget for we're showing, 45 00:02:27,560 --> 00:02:28,760 Speaker 3: I'd hate to see one that isn't. 46 00:02:30,960 --> 00:02:33,240 Speaker 1: All right, Daniel, I think you've dropped out, but we 47 00:02:33,360 --> 00:02:35,600 Speaker 1: got the gist of all of that. Thank you for 48 00:02:36,080 --> 00:02:39,320 Speaker 1: your time this morning, Daniel Gannon the CEO or the 49 00:02:39,360 --> 00:02:43,679 Speaker 1: executive director rather the Retirement Living Council on their response 50 00:02:43,800 --> 00:02:46,760 Speaker 1: to the federal budget. Not enough done in terms of 51 00:02:46,800 --> 00:02:51,760 Speaker 1: planning for the fact in seventeen years time, seventy percent 52 00:02:52,680 --> 00:02:56,960 Speaker 1: of people aged over seventy five, well, in fact, that 53 00:02:57,120 --> 00:02:59,160 Speaker 1: the number of people aged over seventy five will increase 54 00:02:59,200 --> 00:03:02,000 Speaker 1: by seventy percent by twenty forty, is what they're saying, 55 00:03:02,080 --> 00:03:05,200 Speaker 1: and that is concerning if there's not enough accommodation for 56 00:03:05,280 --> 00:03:10,919 Speaker 1: those people, suitable appropriate accommodation, retirement living accommodation that people 57 00:03:11,000 --> 00:03:14,200 Speaker 1: who are living longer will be able to enjoy as 58 00:03:14,400 --> 00:03:15,160 Speaker 1: they get older.