For the 2025/26 Aged Care Finance Report, aged care providers are required to prepare a new Care Minutes Performance Statement, which must be audited by your external auditor.
The following data will be needed to complete your Care Minutes Performance Statement:
- Quarterly labour costs – direct care (employee and agency)
- Labour worked hours direct care (employee and agency)
- Monthly 24/7 RN coverage percentage
- Quarterly occupied bed days
- Quarterly direct care minutes (worked) per occupied bed day.
In addition, you must continue to report care minutes and 24/7 RN coverage through the Quarterly Financial Report and 24/7 RN Reporting.
The audit must be conducted by a registered company auditor under the assurance standard ASAE 3000 Assurance Engagements Other than Audits or Reviews of Historical Financial Information.
What you need to do
You will need to:
- appropriately maintain your records to accurately complete your Care Minutes Performance Statement for the 2025–26 financial year
- engage a registered company auditor to undergo an audit of the Care Minutes Performance Statement
- submit the audited Care Minutes Performance Statement as part of the Aged Care Financial Report.
How can we help
MGI South Qld audits a number of not for profit and for profit aged care providers, and has the skills and expertise to provide this additional auditing requirement.
If your current audit provider is unable to provide this additional service, or you are simply looking to review your auditing requirements against the market, please contact us today for a complimentary and no obligation discussion about your auditing services.
