Aged Care Act 2024 (Australia)
Conditions of registration: financial matters – Aged Care Act 2024 (Australia)

Aged Care Act 2024 (Australia) 150: Section 150: comply with the Financial and Prudential Standards

Every registered provider must comply with the provisions of the Financial and Prudential Standards that apply to it, and a prescribed provider with any additional prudential requirements the rules set. The Standards are made by the Commissioner under section 376 and may cover liquidity and capital adequacy, keeping financial records (including about refundable deposits, bonds, accommodation charges, entry contributions, fees and contributions), governance systems and strategies for financial viability and sustainability, disclosure and reporting to support the Commissioner's monitoring, and investment management. The annual prudential compliance statement records the minimum liquidity amount in the liquidity management strategy and when the liquidity strategy, investment management strategy and financial and prudential management system were last reviewed (Rules 166-380).

Maintained by Gerard Blokdyk

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