Document ID: chunk:federal_register_of_legislation:F2024C00838:reg:55
Version: federal_register_of_legislation:F2024C00838
Segment Type: reg
Provision Reference: reg 55
Character Range: 90306–92712

55  Statement and other information that must be included in annual prudential compliance statement
  The statements and other information that must be included in an approved provider's annual prudential compliance statement for a financial year are as follows:
 (a) a statement about whether the approved provider has, during the financial year, complied with the following:
 (i) the Liquidity Standard in Division 2;
 (ii) the Records Standard in Division 3;
 (iii) the Governance Standard in Division 4;
 (iv) the other provisions of the Disclosure Standard in this Division;
 (v) paragraph 57‑2(1)(e) of the Aged Care (Transitional Provisions) Act 1997 and subsection 52F‑2(1) and sections 52P‑1 and 52P‑3 of the Act;
 (vi) Division 1 of Part 4 of these principles (which deals with accommodation agreements);
 (vii) paragraph 57‑2(1)(k) of the Aged Care (Transitional Provisions) Act 1997 and subsection 52N‑1(1) of the Act;
 (aa) if the approved provider has not complied with the Liquidity Standard—a statement about why the approved provider has not complied with the Standard;
 (b) if the approved provider has not complied with the Records Standard—a statement about why the approved provider has not complied with the Standard;
 (c) if the approved provider has not complied with the Governance Standard—a statement about why the approved provider has not complied with the Standard;
 (d) if the approved provider has not complied with the Disclosure Standard—the following information:
 (i) the total number of occasions on which the approved provider did not comply with the Standard;
 (ii) the reason or reasons for the approved provider's failure to comply with the Standard;
 (iii) in respect of each reason provided—the total number of occasions of non‑compliance attributable to the reason;
 (e) the amount set out in the approved provider's liquidity management strategy (implemented under Division 2), as at the end of the financial year, as the minimum level of liquidity;
 (ea) the date on which the approved provider's liquidity management strategy was last modified or replaced;
 (f) an audit opinion, provided by the person who provides the independent audit referred to in section 56, on whether the approved provider has complied with this Part in the financial year.
Note: The annual prudential compliance statement must be supported by an independent audit (see section 56).