Regulator locks in new liquidity standards for aged care providers
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Regulator locks in new liquidity standards for aged care providers
The Aged Care Quality and Safety Commission (ACQSC) has released its consultation report on the draft Financial and Prudential Standards set to come into effect under the new Aged Care Act from 1 November 2025 – and as expected, the core liquidity rules are unchanged. In February, the Commission flagged that residential aged care providers would be required to hold liquid funds equal to 10% of their Refundable Accommodation Deposits (RADs) and 3…
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