Australia’s aged care sector is entering a critical phase of reform implementation, shaped by significant legislative, policy, and regulatory change. While the passage of the Aged Care Act 2024 (Cth) laid the foundation for a restructured care system centred on rights-based principles and stronger governance, the operational and financial implications of reform are now becoming evident. Both home care and residential care providers face tightening fiscal conditions, evolving compliance obligations, and the urgent need to adapt to new funding and pricing frameworks