Labor to commit $11.3b 

It will fund the 15% pay rise for aged care workers. Treasurer Jim Chalmers said this funding is the pay rise aged care workers “need and deserve”.

Aged care workers deserve more than our thanks to get our people through some difficult years in recent times,” he said. 

“The care economy is more than pressure on the budget, it is an opportunity for the economy more broadly. “ Chalmers said the care economy – including aged care – is going to become a “bigger and bigger” part of the economy in the future. 

 Aged care workers are in for a major pay boost in the upcoming federal budget with salary increases of up to $10,000 per year to cover the rising cost of living pressures. Under an $11.3 billion package, nurses and aged care workers will receive the most significant pay pocket increase in the federal budget on May 9. 

 From January 1, aged care workers will receive an extra $7000 in their pay packet and nurses will be paid an additional $10,000 a year. Aged Care Minister Anika Wells said this is the most significant pay boost for the aged care sector in decades and the 15% pay rise for the sector will help attract and keep staff. ACG