Review of Legislation for Refundable Accommodation Payments in Residential Aged Care

The review looked at how the Australian Government can improve legislative and prudential standards for refundable accommodation payments. The review report recommends actions and suggests a timetable for recommended changes.

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Review of Legislation for Refundable Accommodation Payments in Residential Aged Care

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Publication 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
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