Investor Brief: Archer Capital/Allity
Allity is Australia’s fourth largest private for-profit provider of residential aged care services. Its 44 facilities provide services to approximately 3,700 residents in Australia through a mix of licenses. The portfolio also includes 300 retirement units, some of which are being converted into aged care beds. Allity is wholly owned by Archer Capital’s Fund V.
Allity appears to be involved in tax avoidance arrangements that could result in unforeseen future tax liabilities and possibly reduced access to government aged care subsidies.Publicly available data from the Australian Tax Office indicates that Allity has not paid corporate taxes over the past 3 years. Government funding through aged care subsidies accounted for 67% (AUD $224 million) of Allity’s revenue in 2016-17.
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This request was submitted to CWC participant trustees by the Australian Council of Trade Unions (ACTU) on behalf of its affiliate, the Australian Nursing & Midwifery Federation (ANMF).