Ageing Australia Welcomes Quality Commission's Report on Liquidity Ratios

Ageing Australia welcomes Quality Commission's report on liquidity ratios

Ageing Australia has welcomed the Aged Care Quality and Safety Commission (ACQSC)'s review of proposed Liquidity Standards due to come in with the aged care reforms in November, saying the original proposal could have threatened investment in the ageing sector. In May, we reported the peak body had written to members to inform them they would be able to comply with new liquidity standards by demonstrating to the ACQSC they had robust liquidity m…

ACQSC cuts minimum liquidity standard - Aged Care Insite

Public consultation has resulted in changes to the new Aged Care Act’s minimum liquidity standards for providers. The Aged Care Quality and Safety Commission (the Commission) announced on Thursday that there will be amendments made to its draft financial and prudential standards, first released in February. The Commission acknowledged that much of the feedback in the 32 written submissions and 134 online survey responses received during the cons…