Are your Systems Prepared for the New Financial Year?

As 1 July approaches, aged care providers across Australia are turning their focus to one critical question: Are our systems ready for the new financial year?

From payroll and rostering to billing and compliance, this is the time to ensure everything is aligned—because smooth year-end transitions aren’t just nice to have, they’re essential for financial health, reporting accuracy, and regulatory compliance.

Here’s how to prepare—and how Talgara can help.

1. Payroll and Award Compliance Check

The start of a new financial year often brings changes to pay rates, award conditions, and tax thresholds. Make sure your payroll systems are updated and ready to:

• Apply any Fair Work wage increases

• Adjust superannuation rates if required

• Manage EOFY payment summaries or STP finalisation

Talgara’s payroll services ensure aged care providers remain compliant, accurate, and audit-ready—so you can focus on your workforce, not spreadsheets.

2. Roster Reviews and Budget Forecasting

Now is the perfect time to:

• Review roster costing

• Align shift planning with care minute targets

• Forecast workforce expenses for the year ahead

With TriOnline Roster, you can build cost-effective rosters that link directly to your budgeting and payroll tools—saving you time and reducing manual entry errors.

3. Billing and Claims Reconciliation

Accurate resident billing and funding claims are key to cash flow. The end of the financial year is a good opportunity to:

• Reconcile any outstanding Medicare claims

• Review accommodation payments and RAD/DAP balances

• Ensure subsidy reporting is complete and accurate

TriOnline Billing helps automate the process while staying compliant with government requirements.

4. HR and Onboarding Readiness

Starting the year off strong means having the right people in the right roles. Take this time to:

• Review employment contracts and onboarding processes

• Audit staff training records and compliance credentials

• Forecast staffing needs and recruitment timelines

Talgara’s HR support ensures you’re not only compliant but also positioned to build a strong, skilled team for the year ahead.

5. Align with the New Aged Care Act Timeline

With the new Aged Care Act now deferred to 1 November 2025, the new financial year offers a window to align your internal systems and processes with upcoming reforms—without the pressure of an immediate deadline.

Now is the time to:

• Review your governance and quality systems

• Align internal policies with the Act’s requirements

• Implement technology that supports transparency and accountability

How Talgara Can Support You

From end-to-end bureau services to smart, integrated aged care software, Talgara is here to ensure you’re not just compliant—but confident heading into the new financial year.

Whether you need help closing off FY2024, setting up FY2025, or preparing for aged care reform, our experienced team is ready to assist.

Let’s make FY2025 your most streamlined year yet. Contact Talgara today.