In conjunction with the new Aged Care Act 2024, the Aged Care Quality and Safety Commission recently released the Financial and Prudential Standards guidance for providers. The proposed new Liquidity Standard includes an enforceable minimum liquidity amount for all residential aged care providers, tailored to their circumstances.

The Quality Commission has sought submissions on the proposed new Financial and Prudential Standards as part of the consultation process (New Financial and Prudential Standards | Aged Care Quality and Safety Commission).

StewartBrown conducted a detailed modelling and analysis of the proposed new minimum liquidity guidelines which are included in the attached submission.

Click here to view or download the submission.

Please contact us should you seek any clarification in relation to this submission.

The report is based on the StewartBrown Benchmark results (‘the benchmark’) for the 12 months ending 30 June 2024 (‘FY24’) and includes key performance metrics, with all prior year comparatives restated to reflect the full FY24 cohort. The FY24 Benchmark is the fourth in our disability services financial benchmark series.

Click here to download a PDF copy of the StewartBrown Disability Services Financial Benchmark report for June 2024 (twelve months).

Please find attached the September 2024 Aged Care Performance Survey Analysis Report, covering the 3-month period from 1 July to 30 September. This report includes detailed financial and supporting data from 1,205 aged care homes (99,956 beds/places) and 77,555 home care packages across Australia. Below is an overview of some results and commentary.

Click here to download a PDF copy of the Stewartbrown Aged Care Financial Performance Survey report for September 2024 (Three months).

With the new Aged Care Act now legislated and effective from 1 July 2025, it is important that regular reviews of the progress with respect to the funding reforms, the ongoing financial sustainability of the sector and whether any unintended consequences are emerging.

To this extent, StewartBrown will continue to prepare ad hoc reports in addition to the quarterly Survey Reports over the coming 12 months to analyse specific areas of Residential, Support at Home and CHSP.

Our latest report “Support at Home Financial Reforms Impact Analysis” is attached.

As always, please contact us at any time for any clarification or discussion in relation to this report.