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  • Department resource

    Consultation report: New Financial and Prudential Standards

    The Aged Care Quality and Safety Commission has released their Consultation report: New Financial and Prudential Standards

    The consultation helped inform updates to the Standards, including: 

    • a reduction in the percentage applied to retirement villages and independent living units in the minimum liquidity amount formula
    • allowing providers to submit an evaluated minimum liquidity amount, where they fall under the default minimum.

    Read the public consultation summary report. 

    The Commission also has a fact sheet for older people about the new Standards. They encourage providers to share the fact sheet with people in their care.

    The new Standards will start from 1 November. Visit the Commission’s website for more information.
    Created On :  16 July 2025

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    COTA Queensland CHSP Provider Update

COTA Queensland SSD Team

  • Sherryn Davies
    Community & Stakeholder Engagement
    COTA Queensland
  • Gillian Myers
    Sector Support & Development
    COTA Queensland

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