35Aged care financial reports—general

35 Aged care financial reports—general

(1) An approved provider must prepare in accordance with this section a report for a financial year for the approved provider (the aged care financial report).

Note: The aged care financial report prepared by an approved provider that provides services mentioned in 2 or more subsections of this section must be prepared in accordance with each of those subsections.

Who must sign the aged care financial report? (2) If the approved provider is not a State, a Territory, an authority of a State or Territory or a local government authority, the aged care financial report must be signed by: (a) if the provider is a body corporate that is incorporated, or taken to be incorporated, under the Corporations Act 2001—a director of the body corporate for the purposes of that Act; and (b) otherwise—a member of the provider’s governing body. (2A) If the approved provider is a State, a Territory, an authority of a State or Territory or a local government authority, the aged care financial report must be signed by one of the approved provider’s key personnel who is authorised by the provider to sign the report. Residential care services—providers generally (3) If the approved provider is an approved provider of one or more residential care services, the aged care financial report must include information about the matters mentioned in paragraphs 63‑2(2)(ca), (cb), (d) and (f) of the Act, in a form approved by the Secretary.

Note 1: This information is information that the Minister needs to prepare a report under section 63‑2 of the Act.

Note 2: The aged care financial report of an approved provider of a residential care service must also include the approved provider’s annual prudential compliance statement required to be given under section 51 of the Fees and Payments Principles 2014 (No. 2)—see paragraph 51(2)(d) of those principles.

Residential care services—non‑government providers (4) If the approved provider is an approved provider of one or more residential care services, and is not a State, a Territory, an authority of a State or Territory or a local government authority, the aged care financial report must: (a) be in a form approved by the Secretary; and (b) be accompanied by a copy of each general purpose financial report relating to any of those services for the approved provider for the financial year that has been audited in accordance with section 36; and (c) be accompanied by a copy of each audit opinion obtained in accordance with section 36 about such a general purpose financial report.

Note: If a non‑government approved provider of a residential care service is a subsidiary of another body corporate, the aged care financial report must also be accompanied by a financial support statement for the provider: see subsection 39(2).