Second Reading Speeches

Aged Care (Bond Security) Bill 2006

Previous Citations
  • Aged Care (Bond Security) Bill 2005
Type
Government
Portfolio
Ageing
Originating house
House of Representatives
Status
Act
Parliament no
41

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Summary

Part of a package of three bills in relation to the protection of aged care residents’ accommodation bonds, the bill establishes a scheme to guarantee the repayment of aged care residents’ bond balances in the event that an approved provider of a residential aged care service or a flexible care service becomes insolvent and is unable to repay residents’ bond balances.