Topic - aged care
ANMF calls on Senate inquiry to make for-profit aged care providers file financial audits with ASIC

The Australian Nursing and Midwifery Federation (ANMF) wants the Senate Economics Reference Committee into the financial and tax practices of the for-profits to adopt its two recommendations:

“1. That any operator receiving over $10 million in Government funding must be required by law to file full audited financial statements with the Australian Securities and Investments Commission (ASIC)

2. That companies disclose all transactions between trusts or similar parties that form part of their corporate structures.”

The inquiry is expected to hand down its findings today.

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