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Prudential Standards – Governance Standard

This provider fact sheet explains governance standard, which is part of the Prudential Standards.

The Governance Standard, section 49-50 of the Fees and Payments Principle, requires approved providers to develop sound governance systems to ensure RADs and bonds (if any) are only used for permitted uses and are refunded to residents as and when they fall due required under the Aged Care Act.

Changed
Wednesday, 23 March 2022 - 10:29am

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