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Aged Care (Living Longer Living Better) Act 2013
52M‑1 Compliance with prudential require52M‑1 Compliance with prudential requirements
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52M‑1 Compliance with prudential requirements
(1) An *approved provider must comply with the Prudential Standards. (2) The Fees and Payments Principles may set out Prudential Standards providing for: (a) protection of *refundable deposit balances, *accommodation bond balances and *entry contribution balances of care recipients; and (b) sound financial management of approved providers; and (c) provision of information about the financial management of approved providers.