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Second Reading Speeches

Aged Care Legislation Amendment (Financial Transparency) Bill 2020

Type
Private
Sponsor(s)
GRIFF, Sen Stirling
Originating house
Senate
Status
Before Senate
Parliament no
46

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Summary

Amends the:

Aged Care Act 1997
to require residential aged care providers to disclose their income, costs of food and medication, staff and staff training, accommodation, administration and monies paid to parent bodies in annual financial transparency reports to the Aged Care Quality and Safety Commissioner; and
Corporations Act 2001
to ensure residential aged care providers include detailed financial information in annual financial statements.