How much funding will the Australian Government provide for the conditional adjustment payment?
Additional funding of $877.8 million over four years will be provided to support this initiative. • This increases the average annual payment per resident, currently about $30,500, by about $2,000 by 2007-08. • The payment will result in an extra seven per cent growth in funding by 2007-08 (1.75 per cent cumulative each year over four years) on top of indexation. • The payment will be dependent on each provider giving its staff information and opportunities regarding workforce training, making audited accounts publicly available each year, and taking part in a periodic workforce census. The above information will be used to develop benchmarks on performance to assist providers to achieve appropriate efficiencies and improve the quality of care through improved business and management practices. There will be a review of the need for, and value of, the supplement after four years.
