Commonwealth Consolidated Acts

AGED CARE ACT 1997 - SECT 52M.1

  (1)   An * approved provider must comply with the Prudential Standards.

  (2)   The Fees and Payments Principles may set out Prudential Standards providing for:

  (a)   protection of * refundable deposit balances, * accommodation bond balances and * entry contribution balances of care recipients; and

  (b)   sound financial management of approved providers; and

  (c)   provision of information about the financial management of approved providers.