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flag Billions in Australian public funds for disability, aged care, and childcare go overseas annually, benefiting foreign firms and undermining local services.

flag Billions of Australian taxpayer dollars for disability, aged care, and childcare are flowing overseas annually, primarily benefiting foreign-owned providers and private equity firms, according to Spinal Life Australia. flag With public spending exceeding $100 billion yearly, a growing share of funds is used to generate profits abroad rather than improving local services, workforce development, or care quality. flag Critics argue this undermines public funding’s purpose, diverting resources from Australians to foreign investors. flag Reforms are urged, including prioritizing Australian-owned providers, requiring local reinvestment of profits, increasing ownership transparency, and creating incentives for domestic growth. flag Without change, financial strain on the system will grow, and public trust will erode.

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