40APermitted uses reconciliation

40A Permitted uses reconciliation

(1) A form approved by the Secretary for an aged care financial report for an approved provider may require such a report to include a statement (a permitted uses reconciliation) that sets out information, as specified in the form, about reportable uses of funds by the approved provider during a financial year or years for the approved provider specified in the form. (2) For the purposes of subsection (1), a reportable use of funds is any of the following: (a) a permitted use of refundable deposits or accommodation bonds; (b) a use of funds (other than refundable deposits or accommodation bonds) which was such that, if the funds had been refundable deposits or accommodation bonds, the use would have been a permitted use of refundable deposits or accommodation bonds.

Note: For the permitted uses of refundable deposits and accommodation bonds, see section 52N‑1 of the Act.