Document ID: chunk:federal_register_of_legislation:F2024C00838:reg:41
Version: federal_register_of_legislation:F2024C00838
Segment Type: reg
Provision Reference: reg 41
Character Range: 62085–62771

41  Purpose of this Part
 (1) For subsection 52M‑1(2) of the Act, this Part sets out Prudential Standards providing for the following:
 (a) protection of refundable deposit balances, accommodation bond balances and entry contribution balances of care recipients (the Liquidity Standard—see Division 2);
 (b) sound financial management of approved providers (the Records Standard—see Division 3);
 (c) arrangements by approved providers for the management of refundable deposit balances and accommodation bond balances (the Governance Standard—see Division 4);
 (d) provision of information about the financial management of approved providers (the Disclosure Standard—see Division 5).