Board Governance with a focus on the Financial and Prudential Standards
Board Governance with a focus on the Financial and Prudential Standards
- State or territory ACT, NSW, NT, QLD, SA, TAS, VIC, WA
- Type of program Workshop
- Sector relevance Residential aged care, Home and community care, Retirement living and seniors housing, CHSP providers
- Topic relevance Strategic leadership, Sector updates, Leadership and management, Governance, Safety, quality and compliance, Finance and funding
Workshop overview
The Aged Care Quality & Safety Commission’s May 2026 update cited that some providers were still uncertain of their obligations under the new Financial and Prudential Standards. Ensure your board, executive and management team understand their responsibility to maintain compliance and strengthen your knowledge and approach.
This workshop offers an overview of the three Financial and Prudential Standards. Participants explore how to maintain financial sustainability for continuance of service delivery, while sharing the responsibility to strengthen governance, oversight and financial stewardship.
A post session quiz is available, upon request.
Who should attend?
Board members, senior management, executive management, quality and risk managers in all aged care settings.
The outcomes are:
- Gain an overview of the three Financial and Prudential Standards and their key requirements
- Understand the responsibilities (and especially the responsibilities associated with conformance to the Financial and Prudential Standards) of the board and managers who support governance, oversight and compliance
- Identify related reporting requirements and timelines
- Explore the key components and process of a Financial and Prudential Review.
Date: 16 July 2026
Time: 3-4.30pm AEST
Ageing Australia members
1-2 people: $299 incl. GST each
Non-members
$478.00 incl. GST each
Note – Registration is one ticket per participant and all participants are required to access training on individual devices.
For group bookings of 11 or greater please contact the Learning and Professional Development team at .
Who is facilitating?
Cheryl Edwards
Cheryl Edwards is a registered nurse who has 36 years of experience in residential aged care management. Cheryl has worked for smaller and larger private and not-for-profit providers, in both corporate and operational roles, and in leadership development programs.
She holds qualifications in management, work health & safety and is a workplace trainer and assessor. Cheryl is also a Myers Briggs practitioner.
Aligns to the following strengthened Aged Care Quality Standards
- Standard 1 - The individual
- 1.4 Transparency and agreements
- 1.4 Transparency and agreements
- Standard 2 - The organisation
- 2.3 Accountability, quality system and policies and procedures
- 2.4 Risk management
- 2.3 Accountability, quality system and policies and procedures
