AUSTRALIA | RSL Lifecare has recorded an AUD $3.2 million surplus, which has driven greater support for Veterans and seniors.
RSL LifeCare has announced a AUD $3.7 million surplus for the 2024 financial year, marking unprecedented growth in support for veterans and their families, alongside exceptional care services for seniors.
RSL LifeCare CEO, Janet Muir, presented the results at the organisation’s Annual General Meeting in Sydney, highlighting a remarkable $60 million turnaround following a challenging period of COVID, workforce shortages, rising costs and legislative reforms.
In the 2024 financial year, RSL LifeCare funded more than $12.6 million worth of initiatives supporting veterans, their families and seniors.
Key highlights included opening a fifth Veteran and Family Hub on the NSW Central Coast to support over 12,000 local veterans and their families, with four additional hubs in Maitland, Queanbeyan, Hawkesbury and the North Coast under development, Providing financial assistance to more than 350 veterans, totalling $359,392, a 26 percent increase, supporting over 100 veterans through the Spur Ranch Equine Program, with a 20 percent growth in courses and participation, and delivering 4,900 nights of safe accommodation for homeless veterans.
“Our financial turnaround has been no accident – it has been driven by a strong governance framework, effective costs management, and the embedment of a strategic purpose as a cornerstone of all decision-making,” said Muir.
“I thank our skilled and compassionate teams, and supportive communities for helping us exceed expectations in delivering exceptional care for veterans and seniors,” Muir added.
RSL LifeCare also continued its advocacy with Government on the new Aged Care Act and the Royal Commission into Defence and Veteran Suicide, supporting better outcomes for seniors and veterans and their families now and into the future.
During the AGM, the Board acknowledged the retirement of Director Hugh Fitzsimmons after two years of dedicated service to RSL LifeCare, and welcomed Dr Glen Farrow OAM, a former Australian Army Medical Officer, surgeon and healthcare executive, to its ranks.
“Hugh’s dedication and wealth of experience and skill have been invaluable, and I thank him for his unwavering commitment. I also extend a warm welcome to Glen as we tackle new opportunities and challenges for the benefit of veterans and seniors,” said RSL LifeCare Chairperson, Sangeeta Venkatesan.
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