In conjunction with the new Aged Care Act 2024, the Aged Care Quality and Safety Commission recently released the Financial and Prudential Standards guidance for providers. The proposed new Liquidity Standard includes an enforceable minimum liquidity amount for all residential aged care providers, tailored to their circumstances.

The Quality Commission has sought submissions on the proposed new Financial and Prudential Standards as part of the consultation process (New Financial and Prudential Standards | Aged Care Quality and Safety Commission).

StewartBrown conducted a detailed modelling and analysis of the proposed new minimum liquidity guidelines which are included in the attached submission.

Click here to view or download the submission.

Please contact us should you seek any clarification in relation to this submission.