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
Financiers with ongoing involvement in the aged care The Australian Building Codes Board Architecture, design and construction companies with an interest in aged care The Australian Institute of Architects The Australian Local Government Association 23 August 2012 – 12 September 2012 ACFA wrote to the individual members of the National Aged Care Alliance and financiers with ongoing involvement in aged care. 8 , regarding the methodology for governing accommodation payments and the appropriate methodology to ensure lump sum accommodation payments and periodic accommodation payments are financially equivalent for providers. 1 September 2012 – 24 September 2012 Aged care homes Approved providers of residential care (for profit and not for profit) Aged care stakeholders (peaks and industry groups) Religious and charitable organisations Consultants Government departments Financiers with ongoing involvement in the aged care industry Following this consultation, ACFA provided draft recommendations on accommodation payments to the Minister. These recommendations formed the basis for further consultation by ACFA. 38 8 November 2012 – 21 November 2012 Aged care homes Approved providers of residential care (for profit and not for profit) Aged care stakeholders (peaks and industry groups) Religious and charitable organisations Consultants Government departments Financiers with ongoing involvement in the aged care industry 30 Contractors and Consultants The following were engaged to provide services for ACFA. Contractor Description Allens Consulting Group PWC