In Treasurer is right to connect capitalism with social needs in the Weekend Australian, our Executive Director, Michael Traill, reminds readers to focus on how we can move forward with this innovative idea of Capitalism 2.0, rather than get stuck in an arid ideological debate following Treasurer Jim Chalmers' essay, Capitalism after the Crises.
He asks, "(w)hat can good look like if the strength of market mechanisms are used in concert with explicit measurement of financial returns and social and environmental impact? And what is the potential for expanded capital flows in the many substantial sectors of the economy where the combination of business disciplines for social purpose will drive better outcomes?"
He puts forward two case studies - Goodstart Early Learning and the Newpins Social Benefit Bond - that bring to life the simple power of mobilising capital for measurable good, anchored by the discipline of evidence of performance.
Read the article here.
For Purpose Aged Care Australia (FPACA) has appointed Gregg Funston as Chief Operating Officer and Rebecca Gill as General Manager, Strategy & Performance.
The appointments strengthen FPACA's executive team as the organisation continues to grow its national footprint and invest in the systems, leadership, and capability required to deliver on its social mission.
FPACA Group CEO Matthew Filocamo said the appointments reflect the organisation's commitment to building enduring operational and strategic foundations.
"Through the acquisitions of Luson and Signature Care, we now operate more than 2,000 beds nationally. As the business has grown, we have been deliberate about attracting leaders with the experience and capability to match that scale," Mr Filocamo said.
"Gregg and Rebecca each bring deep experience from organisations that operate at significant scale and complexity. That experience will help us continue lifting the standard of care we provide while preparing for the next phase of our growth."
Mr Filocamo said the appointments also reflect FPACA's focus on sustainable, well-governed growth.
"We exist to create meaningful social impact for older Australians. Doing that well, consistently and at scale, requires disciplined operations, strong systems, and clear strategy. These appointments are about building that foundation."
Gregg Funston, Chief Operating Officer
Gregg joins FPACA from Regis Aged Care, where he spent 15 years in operational leadership roles. Most recently, as Executive General Manager of Operations for Queensland, New South Wales and the Northern Territory, he was responsible for 35 homes, 4,800 beds, 6,000 employees, and an operating budget exceeding $500 million.
His experience includes leading the integration of major acquisitions, delivering significant operational improvements, and strengthening governance and quality frameworks across large, geographically dispersed portfolios.
Gregg will oversee FPACA's residential aged care operations, with a focus on quality, site-level leadership, and operational readiness for growth.
Rebecca Gill, General Manager Strategy & Performance
Rebecca joins FPACA from the not-for-profit sector, having previously spent more than a decade as a Principal at Boston Consulting Group, where she led digital and organisational transformations for major Australian institutions.
Most recently, as Strategic Advisor to the CEO at Teach For Australia, she led transformation initiatives that reduced the organisation's cost base and secured government funding for significant program expansion.
Rebecca will lead FPACA's strategy, transformation, and performance functions. This includes overseeing the upgrade of core business systems and the integration of future acquisitions.
About For Purpose Aged Care Australia
For Purpose Aged Care Australia is a national aged care provider with a clear social mission: to deliver high-quality care while creating meaningful social impact. Backed by ethical investors, FPACA reinvests in its people, places, and programs to ensure older Australians receive the respect and support they deserve. The organisation operates more than 2,150 residential aged care beds across Victoria, New South Wales, Queensland, and Western Australia, with a further 600 currently in development.
FP Ability is pleased to announce the appointment of Kim Knoblauch as Board Advisor, effective from January 2026. FP Ability brings together Able Foods and Tender Loving Cuisine, two specialist meal preparation and delivery businesses serving customers across Australia. With a focus on the unique needs of customers supported by Home Care Packages and NDIS plans, together the businesses deliver more than 24,000 meals each week.
Kim brings over 35 years of executive leadership across aged care, disability services and healthcare. His career spans CEO and Director roles with organisations including Ramsay Health Care, Calvary Group, Opal Healthcare and multiple community home care providers.
His expertise directly aligns with FP Ability's mission and market focus:
· Aged Care and NDIS Leadership – As CEO of Home Care Assistance Gold Coast, leading transition to the new 2024 Aged Care Actand Support at Home funding model
· Board Governance – Current and former board director positions with Home Instead, Supported Independent Living Cooperative (SILC) and Home Care Assist
· Sector Reform Experience – National leadership roles navigating regulatory change across residential care, community home care and NDIS supported living
· Quality and Compliance – Extensive track record achieving accreditation outcomes and establishing clinical governance frameworks.
Kim currently serves as Owner Director of Kimlock Health Management, providing operational and quality support to aged care and NDIS providers nationally.
FP Ability Executive Chair Robert Blackwell said, "Kim brings a wealth of experience in the Aged Care and NDIS sectors that will be of significant benefit to the Board and the Senior Leadership Team. As we navigate significant reform across both sectors, his practical understanding of operational challenges and regulatory requirements will strengthen our governance and help ensure Able Foods and Tender Loving Cuisine remain focused on delivering quality outcomes for the people we serve."
December 2025 - For Purpose Aged Care Australia officially opened South Grafton Community Aged Care on 1 December 2025, bringing 144 new residential aged care beds to the Clarence Valley region. This is the fourth new home For Purpose Aged Care Australia has opened in 2025 – yet it is one of the few new aged care facilities opening in regional Australia this year.
The sector added just 800 net new beds nationally in 2024-25 – a 60 per cent drop from the previous year – while around 5,000 additional residents enter care annually. Before the opening of South Grafton, For Purpose Aged Care contributed approximately 450 of the new beds delivered during FY25, representing 15 per cent of total new capacity nationally and 25 per cent of all new homes built.
"We are building much-needed new beds to support the people of Grafton and surrounding areas," said Group CEO Matthew Filocamo. "Many regional communities across Australia are underserved by aged care, have an ageing population, and need quality care that supports people to celebrate their later years. We are focused on strong outcomes and delivering care for olderAustralians and job opportunities for regional care professionals."
TheSouth Grafton site is expected to be fully occupied by July 2026. Around 40residents will be transferring from Catholic Healthcare's St Francis facility, which is closing. We are pleased to be able to support all of those residents giving them certainty and also a significantly higher standard of accommodation. The single-storey home features 144 beds in spacious single rooms and rooms for couples, 24/7 nursing support, a secure dementia care wing, on-site doctor's rooms and the latest 4D radar detection systems.
"We have been overwhelmed by the welcome from the community — whether through employment enquiries, interest in moving in, or partnerships with allied health colleagues and the local hospital. South Grafton Community Aged Care is a welcome addition to the community."
For Purpose Aged Care is a not-for-profit backed by social impact investment fund manager For Purpose Investment Partners, with institutional support from Qantas Super (now Australian Retirement Trust) and Australian Ethical and aligns financial sustainability with measurable social outcomes.
For Purpose Aged Care operates more than 2,150 beds nationally with a further 600 currently in development.
ENDS
For Purpose Investment Partners acknowledges and pays respect to the past and present Traditional Custodians and Elders of this nation and the continuation of cultural, spiritual and educational practices of Aboriginal and Torres Strait Islander people.
We believe that diversity, equity and inclusion at For Purpose Investment Partners are critical in our efforts to create significant social impact. Diversity in the team allows us to better represent the diversity of thought and experiences of the communities that we are aiming to serve, promotes a healthy and thriving working environment, and delivers innovative and sustainable outcomes for our communities, our people, our investors and our partners.
