Commonwealth Consolidated Acts

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AGED CARE ACT 1997 - SECT 52M.1

Compliance with prudential requirements

             (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.



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