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NS02139 US Emerg Growth V4cm Indd Prudential Form

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foreign [Music] hello I'm Janet Anderson the commissioner of the Aged care quality and safety Commission I'm here to talk about the transfer of financial monitoring functions from the Department of Health and aged care to us the Aged care quality and safety Commission from 1 July 2023 the Aged care quality and safety commission will have enhanced functions as part of our role as the independent Prudential regulator the Australian government has implemented this change following the findings of the royal commission into aged care quality and safety the Royal commission recommended that Prudential regulator needs the power to explore issues connected to the financial management of aged care this change will give us a better understanding of the risks across the Aged care sector affecting Financial viability and the quality of care the commission's responsibilities include regulation of the Prudential standards the potential standards currently apply to the management and use of refundabl

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