Bill
Aged Care Legislation Amendment (Financial Transparency) Bill 2020
lapsed, as at 2022-07-25.
- Sponsor
- GRIFF, Sen Stirling
- Portfolio
- Not recorded
Recorded stages
- introduced — 2020-06-12
- second reading — 2020-06-12
- second reading — 2020-11-30
- other — 2022-07-25
Divisions
No divisions recorded. Most questions are decided on the voices; this does not establish that a bill was unopposed.
Plain-language summary
Written by a model from the explanatory memorandum; not the record, as at 2020-06-12.
The bill would force residential aged care providers to send the Aged Care Quality and Safety Commissioner an annual financial transparency report that the commissioner would then release to the public.
Providers would have to disclose their income, spending on food, medication, staff and staff training, accommodation, administration and payments to parent bodies.
The bill would start the day after it receives Royal Assent and applies to financial years beginning on or after that date.
- Creates a new obligation for approved providers to give a written financial transparency report to the commissioner within six months after each financial year ends.
- Makes the commissioner publicly release the report.
- Amends the Corporations Act to require aged care providers receiving over $10 million in revenue to follow accounting standards when preparing yearly financial reports.
Residential aged care providers, the Aged Care Quality and Safety Commissioner, and families of aged care residents.
Sources
em
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