Prudential Compliance Policy

This document is a template and acts as a foundational Prudential Compliance Policy. It contains the financial management of refundable deposit balances, including refundable accommodation contributions and accommodation bond balances as paid by care recipients. It also contains narrative mentioning the four prudential standards, that is Liquidity Standard, Records Standard, Governance Standard and Disclosure Standard.

This document contains 12 pages and 3,862 words with the following topics:

1. Policy Statement
2. Liquidity Standard
   • ​​​​​​​Liquidity Management Strategy
   • Responsibilities​​​​​​​
3. Records Standard​​​​​​​​​​​​​​
   • Refundable Deposit Register
   • Refundable deposits paid and refundable deposit balances held
   • Refundable deposit balances refunded
   • Accommodation bonds paid and accommodation bond balances held
   • Accommodation RAD/bonds refunded
4. Governance Standard​​​​​​​
   • Governance System
   • Permitted Uses of Refundable Deposits and Accommodation Bonds
   • Investment Management Strategy
   • Refund of Refundable Deposit and Accommodation Bond Balances
   • Responsibilities and Delegated Authority
   • Reporting Mechanisms and Responding to Non-Compliance
   • Allowable deductions from a refundable accommodation​​​​​​​
5. Disclosure Standard​​​​​​​
   • Annual Prudential Compliance Statement
   • Disclosure to Care Recipients
   • Annual Disclosure to Care Recipients
   • Disclosure to Prospective Care Recipients​​​​​​​
6. Policy Review