ACFA’s role is to:

  • provide independent advice to the Australian Government on aged care funding and financing issues
  • in giving advice, consult with consumers, the aged care sector and the finance sector about these issues

The role and responsibilities of ACFA are set out in the Committee Principles 2014.






Acting Chair

Mr Nicolas Mersiades

Director of Aged Care, Catholic Health Australia

Deputy Chair




Mr Gary Barnier

Partner, Cooperage Capital


Ms Louise Biti

Co-founder and Director, Aged Care Steps


Ms Susan Emerson

Senior Clinical Reference Lead, Australian Digital Health Agency


Dr Mike Rungie

Founding Director, Global Centre for Modern Ageing


Ms Natalie Smith

Head of Business Execution, Commercial Banking, ANZ


Professor Mike Woods

Professor of Health Economics at the Centre for Health Economics Research and Evaluation (CHERE) at the University of Technology Sydney


Mr Ian Yates AM

Chief Executive, COTA Australia


In February 2020 the Minister for Aged Care tasked ACFA with two new projects:

Undertake an analysis on the role of Refundable Accommodation Deposits (RADs) in the market currently and their impact on the sector and consideration as to what their role should be, and the settings, into the future.

Reporting back to Government by 18 December 2020.

Undertake a piece of work on the role of the basic daily fee, which is commonly associated with payment for hotel services in residential aged care. This project will provide greater analysis and understanding of the issues, including what role the basic daily fee should have in the future. 

Reporting back to Government by 18 December 2020.

Read the most recent ACFA advice to the Government:

View past ACFA advice on the National Library Web Archive.

Annual reports on funding and financing of the aged care industry

Each year, ACFA presents a report on aged care funding and financing to the Government.

These reports look at the issues and challenges facing the industry. They also provide statistics and analysis of aged care in Australia.

View past reports on aged care funding and financing on the National Library Web Archive.

Operations reports

At the end of each financial year, ACFA presents a report on its operations to the Government.

View older ACFA operations reports on the National Library Web Archive:


Aged Care Financing Authority (ACFA) secretariat

Email us if you have any questions about ACFA.

acfa.secretariat [at]

View contact

Last updated: 
28 April 2021