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'Hypothecated levy' tipped as aged care solution

Ken Henry stands at a lecturn

Former Treasury Secretary Dr Ken Henry said he was "uncomfortable' while head of Treasury about the aged care financing and funding mechanisms and "horribly complex" system people had to navigate. Image credit: Dan Himbreckts/AAP

A new "hypothecated levy" â€” or tax — could ring-fence revenue for the long-term funding of Australia's growing aged care needs, the aged care royal commission heard today.[.....]

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