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Review of Legislation for Refundable Accommodation Payments in Residential Aged Care

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Publication date: 
May 2017
Publication type: 
Report
Intended audience: 
General public
Description: 

This review looked at the laws that regulate and protect refundable accommodation payments for residential aged care. These payments include:

  • refundable accommodation deposits (RADs)
  • accommodation bonds
  • entry contributions

The report recommends actions to strengthen legislative and prudential standards while:

  • protecting residents
  • minimising risk to the Australian Government
  • maintaining stability in the aged care sector

The report also includes:

  • a suggested timetable for recommended changes
  • detailed findings
  • the material the authors used to conduct the review