New Financial and Prudential Standards will commence with the introduction of the new Aged Care Act from 1 July 2025. The new Standards set out the minimum requirements for good financial and prudential management of aged care providers. They are also designed to manage risks to people receiving care and the public.
Hosted by the Aged Care Quality and Safety Commissioner, Liz Hefren-Webb, this webinar covered:
- the requirements and provider obligations under the proposed standards
- the provider’s role in strengthening financial and prudential operations
the Commission’s approach to regulation.
- Guidance on the new Standards will be released soon, and this webinar is part of the Commission’s consultation activities.
To learn more, visit www.agedcarequality.gov.au/providers/financial-prudential-standards