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Productivity Commission Report
Information Sessions

Held: Tuesday 20th September 2011
Where
: Sydney Masonic Centre, Goulburn street, Sydney

Report Overview: was presented by  Sue Macri, Former Commissioner, Productivity Commission (Senior Aged Care Consultant, Guild Accountants).

Industry Overview: was presented by Charles Wurf, CEO ACAA-NSW.

5 Panel Discussion: Robert Orie, Bruce Bailey (Guild Accountants), Charles Wurf (ACAA-NSW), Cynthia Payne (Summit Care) and Sue Macri (Guild Accountants).

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Provider Preparations for Prudential Reform
What changes on 1 October 2011?

Held: Monday 12 September 2011,
Where: Level 22, Westpac Place 275 Kent Street, Sydney NSW 2000.

The Aged Care Act has recently been amended (Royal assent received 26 July 2011) with a Schedule of changes headlined Permitted Use of Accommodation Bonds.

These amendments affect the overall system of prudential regulation that authorises the Department of Health and Ageing to regulate Approved Providers in respect of accommodation bonds for residential aged care.

The changes to the existing system of prudential regulation carry new sections headed:

  • Obligation to give information about ability to refund accommodation
  • bond balances
  • Permitted use of accommodation bonds
  • Offences relating to non-permitted use of accommodation bonds
  • Transitional provisions (applying to accommodation bonds charged
  • prior to commencement)
  • Application provisions (Applying to accommodation bonds charged
  • after commencement)

These amendments come into effect on 1 October 2011.

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ACAA-NSW Congress 2011

 

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