Capital Guardians is a niche provider of financial management services to aged care and disability operators for the financial transactions that are directly related to individual customers.
The governance, accountability and transparency requirements around these transactions are underpinned by numerous legislative and statutory requirements, including primarily the Corporations Act (2001); the Aged Care Act (1997); and the various State based Retirement Villages Act’s.
- the aged care operator keeps all control of the “approved” suppliers, their terms and generally all financial flows;
- the service is similar to a banking service, using best practice industry focused approval, administration systems and reporting functionality;
- the service operates, similar to a bank, through Capital Guardians’ AFS Licience through the Australian Securities Investment Commission; and
- any monies held by Capital Guardians represent monies of the service recipient, and can be treated the equivalent of their banked cash, all monies are refundable within 48 business hours.
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March 2016 Site upgrade news
March 2014 Client Newsletter