Skip to main content

Prudential Standards – Refunding refundable deposit balances

This provider fact sheet explains refundable deposits (including refundable accommodation deposits and refundable accommodation contributions) or accommodation bonds (collectively defined in s 52P-1 of the Aged Care Act 1997 as ‘refundable deposits’).

The Commission seeks to ensure that all approved providers that hold refundable accommodation payments are meeting the regulatory requirements of the 4 Prudential Standards.

Thursday, 24 February 2022 - 4:45pm

Was this page useful?
Why not?