Data Exchange, for recording Streamlined programme requirements will Applies to the outcomes focused data. improve consistency in provider obligations (e.g. Commonwealth Home Simplified financial acquittal asset management, subcontracting Support Programme reporting. requirements, notification of serious incidents, (CHSP) acknowledgement of funding etc.) Action area 3 Streamlining financial requirements for aged care providers ─ 31 Explore opportunities to July 2014-June Legislative change (to the Fees and Streamlining financial reporting streamline permitted use 2015 will depend on This refers to reporting of the uses that providers Payments Principles) reporting arrangements. the extent of changes proposed. can make of Aged Care Accommodation Consultation will be needed with peak Payments paid by consumers. Applies to residential organisations and consumer Providers currently report through the Annual aged care. representative on proposed changes. Prudential Compliance Statement. The risks associated with streamlining Possible changes will be considered in of the measures will need to be assessed. ACFA report on improving the collection of financial information. 32 Explore opportunities to July 2014-June Legislative change (to the Fees and Streamlining financial reporting reduce the regulatory 2015 will depend on Reduction in the number of reporting elements Payments Principles) burden of the Annual the extent of the changes proposed. maintaining the required standard of Prudential Compliance Evidence will need to be assessed for compliance will save time and resources for Statement through identifying elements that are less providers and DSS. eliminating elements that effective in identifying compliance risk. Event-based reporting would assist DSS to are less effective in Appropriate systems for reporting on identify and engage with providers at significant identifying compliance risks, the key events will need to be risk of financial failure. coupled with mandatory established. reporting of key events. Models of sampling rather than 100% reporting would require increased audit Applies to residential effort. aged care. Action area 4 Fit for purpose regulation ─ 33 Examine consequences of July 2014-June Lies outside aged care legislation. Interaction with legislation outside the Aged Care revised privacy legislation 2015 Feedback needed from the sector on Act and explore opportunities to the red tape burdens arising for the On 12 March 2014, the Privacy Amendment streamline administrative sector from revised privacy legislation. (Enhancing Privacy Protection) Act 2012 (Privacy Amendment Act) commenced including 13
Applies to the Commonwealth Home Support Programme (CHSP) Data Exchange, for recording outcomes focused data. Simplified financial acquittal reporting. Streamlined programme requirements will improve consistency in provider obligations (e.g. asset management, subcontracting requirements, notification of serious incidents, acknowledgement of funding etc.) Action area 3 ─ Streamlining financial requirements for aged care providers 31 Explore opportunities to streamline permitted use reporting arrangements. Applies to residential aged care. July 2014-June 2015 Legislative change (to the Fees and Payments Principles) will depend on the extent of changes proposed. Consultation will be needed with peak organisations and consumer representative on proposed changes. The risks associated with streamlining measures will need to be assessed. Streamlining financial reporting This refers to reporting of the uses that providers can make of Aged Care Accommodation Payments paid by consumers. Providers currently report through the Annual Prudential Compliance Statement. Possible changes will be considered in of the ACFA report on improving the collection of financial information. 32 Explore opportunities to reduce the regulatory burden of the Annual Prudential Compliance Statement through eliminating elements that are less effective in identifying compliance risks, coupled with mandatory reporting of key events. Applies to residential aged care. July 2014-June 2015 Legislative change (to the Fees and Payments Principles) will depend on the extent of the changes proposed. Evidence will need to be assessed for identifying elements that are less effective in identifying compliance risk. Appropriate systems for reporting on the key events will need to be established. Models of sampling rather than 100% reporting would require increased audit effort. Streamlining financial reporting Reduction in the number of reporting elements maintaining the required standard of compliance will save time and resources for providers and DSS. Event-based reporting would assist DSS to identify and engage with providers at significant risk of financial failure. Action area 4 ─ Fit for purpose regulation 33 Examine consequences of revised privacy legislation and explore opportunities to streamline administrative July 2014-June 2015 Lies outside aged care legislation. Feedback needed from the sector on the red tape burdens arising for the sector from revised privacy legislation. Interaction with legislation outside the Aged Care Act On 12 March 2014, the Privacy Amendment (Enhancing Privacy Protection) Act 2012 (Privacy Amendment Act) commenced including 13