Financial and Prudential Monitoring, Compliance and Intervention Framework

Financial and Prudential Monitoring, Compliance and Intervention Framework

Guidance,
Last updated

This resource outlines the Financial and Prudential Monitoring, Compliance and Intervention Framework for aged care providers. It aims to enhance financial transparency, requiring stricter reporting, oversight, and adherence to prudential standards. The framework helps ensure financial stability, protects refundable accommodation deposits, and supports the continuity of care in residential aged care. It includes phased implementation and future regulatory changes.

Author
Department of Health, Disability and Ageing
External Link
https://www.health.gov.au/our-work/aged-care-financial-viability-and-capability/financial-and-prudential-monitoring-compliance-and-intervention-framework
Standard
2: The Organisation
Outcomes
2.3: Accountability, quality system and policies and procedures
Financial and Prudential Monitoring, Compliance and Intervention Framework

This is not a Commission publication. Any views are those of the author. You are responsible for considering this in context, based on your circumstances and the Aged Care Act 2024 (Cth) requirements. See Terms of Use .

 

Acknowledgement of Country

In the spirit of reconciliation, the Aged Care Quality and Safety Commission acknowledges the Traditional Custodians of Country throughout Australia and their connections to land, water and community. We pay our respect to their Elders, past, present and emerging and extend that respect to all Aboriginal and Torres Strait Islander peoples. 

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