From www.ifa.com.au: As the new Aged Care Act prepares to take effect on July 1, 2025, a financial adviser emphasises the critical need for access to financial advice to help Australians navigate the forthcoming changes.

The new legislation will introduce significant alterations to the aged care system, such as a means-tested services contribution and replacing existing care programs with a Support at Home program.

The Financial Advice Association Australia advocates for stricter regulations to ensure that only licensed professionals provide aged care advice, given the complexities involved.