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Review of Legislation for Refundable Accommodation Payments in Residential Aged Care
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Publication date:
Date last updated:
Publication type:
Report
Audience:
General public
Language:
English
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