Sale of aged care companies
The Minister representing the Minister for Ageing in the Senate has said that the Aged Care Act of 1997 does not require prior approval or notification of the sale of aged care companies.
In Question 293, answered on 14 May, Senator Conroy said that it was only the suitability of the key personnel, who perform a decision making or management role, such as board member, senior management and directors of nursing that are monitored.
The Aged Care Act also does not require a company that purchases a part or whole of an existing approved provider entity to apply for approved provider status as well, or register who holds an interest in an Approved Provider entity.
