The arrangements for regulating prices for aged care accommodation are generally effective. Changing the way that 6.81 accommodation prices are determined has increased transparency for consumers, allowing them to compare the value of accommodation offered by different providers. Providing more payment options for consumers has positively impacted on the sustainability of the sector, with the pool of lump sum deposits continuing to grow, while building work has increased over time. Further steps can be taken to both reduce some of the regulatory restrictions on accommodation prices and improve 6.82 consumers ability to compare aged care fees.
6.81 The arrangements for regulating prices for aged care accommodation are generally effective. Changing the way that accommodation prices are determined has increased transparency for consumers, allowing them to compare the value of accommodation offered by different providers. Providing more payment options for consumers has positively impacted on the sustainability of the sector, with the pool of lump sum deposits continuing to grow, while building work has increased over time. 6.82 Further steps can be taken to both reduce some of the regulatory restrictions on accommodation prices and improve consumers ability to compare aged care fees.