Advice to the Minister ACFA provided the following advice during the reporting period. Task Key Date Government Response Recommendations on ACFA’s provided to the Minister approved the ACFA’s Operating Framework. former Minister, incorporating views from recommendations and the stakeholders, on 28 September 2012. on 31 October 2012. Definition of to the former Minister on 21 November 2012. Government announced its ‘significant refurbishment’ to qualify position on for a higher 21 December 2012. accommodation supplement. The framework for setting on setting accommodation payments in on 21 December 2012. accommodation payments residential aged care to the former Minister on on 23 May 2013. in residential aged care. 28 November 2012. The advice included a on a method for determining refundable recommended method for accommodation deposits (RAD) and daily establishing a level of accommodation payments (DAP) on accommodation payments 17 May 2013 recommending that as a transitional a provider can charge and measure the RAD be the anchor point for setting a method for ensuring prices (and the DAP determined by applying the lump sum accommodation maximum permissible interest rate to convert the payments and periodic RAD to a DAP). payments are equivalent. and provided to the former Minister on 22 May Government released Estimation of the possible impacts on revenue and 2013. advice and modelling on balance sheet funding from 23 May 2013. changes to accommodation payment arrangements. ACFA Report on the . Report on 22 July 2013. funding and financing of the Aged Care Sector. Project Consultation Processes The following consultations were undertaken by ACFA. Consultation Key Dates Who was consulted Submissions to qualify for a higher 14 August 2012 Aged care homes 50 – accommodation 31 August 2012 Approved providers of residential supplement. care Aged care stakeholders (peaks and industry groups) Religious and charitable organisations Government departments
Advice to the Minister ACFA provided the following advice during the reporting period. Task Key Date Government Response ACFA’s Operating Framework. Recommendations on ACFA’s provided to the former Minister, incorporating views from stakeholders, on 28 September 2012. Minister approved the recommendations and the on 31 October 2012. Definition of ‘significant refurbishment’ to qualify for a higher accommodation supplement. to the former Minister on 21 November 2012. Government announced its position on 21 December 2012. The framework for setting accommodation payments in residential aged care. The advice included a recommended method for establishing a level of accommodation payments a provider can charge and a method for ensuring lump sum accommodation payments and periodic payments are equivalent. on setting accommodation payments in residential aged care to the former Minister on 28 November 2012. on a method for determining refundable accommodation deposits (RAD) and daily accommodation payments (DAP) on 17 May 2013 recommending that as a transitional measure the RAD be the anchor point for setting prices (and the DAP determined by applying the maximum permissible interest rate to convert the RAD to a DAP). on 21 December 2012. on 23 May 2013. Estimation of the possible impacts on revenue and balance sheet funding from changes to accommodation payment arrangements. and provided to the former Minister on 22 May 2013. Government released advice and modelling on 23 May 2013. ACFA Report on the funding and financing of the Aged Care Sector. . Report on 22 July 2013. Project Consultation Processes The following consultations were undertaken by ACFA. Consultation Key Dates Who was consulted Submissions to qualify for a higher accommodation supplement. 14 August 2012 – 31 August 2012 Aged care homes Approved providers of residential care Aged care stakeholders (peaks and industry groups) Religious and charitable organisations Government departments 50
attachment_2_operations_report_of_the_aged_care_financing_authority_0.docx