Prudential Standards Review

September 18, 2017

The Department has released the Prudential Standards Review by Earnst and Young.  They have recommended a whole lot of changes to Liquidity/Capital Adequacy, Reporting and Removing/Limiting Trusts. Moving to a financial institution model of reporting, compliance and monitoring. 

 

Read more at https://agedcare.govcms.gov.au/sites/g/files/net1426/f/documents/08_2017/review-legislation-refundable-accommodation-payments-in-residential-aged-care.pdf

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