Financial & Administrative
Prudential Compliance
Keep resident deposits, refund obligations and financial evidence in view.
Deposit and refund oversight, facility liquidity views, permitted-use records and financial governance evidence.
Residential care
In practice
The work behind prudential compliance.
Statura Care brings deposit balances, refund exposure, agreements and financial reporting records into one prudential workspace. Review overdue refunds and missing evidence, then follow the record into deposits, liquidity, governance or reporting. Board approvals and external filing remain explicit provider responsibilities.
A deposit balance alone does not explain what is due, which agreement applies or whether the supporting evidence is complete. Finance and governance teams need to connect those records before a refund, board review or reporting deadline.
Deposit and Refund Oversight
Review deposit balances and identify overdue refunds or missing agreements from the prudential overview. Follow the affected records to investigate and resolve the issue.
Facility Liquidity View
Inspect recorded balances, deductions, net refund exposure and due-soon or overdue refunds by facility. Use these records alongside your liquidity assessment and financial accounts.
Evidence Readiness
Record a provider decision on each standard’s applicability with a reason. Review missing filing evidence, approval evidence and completed attestations from the overview.
Permitted-Use Register
Record the facility, category, amount, description and date for a use of refundable deposits. Your team remains responsible for assessing whether it is permitted and obtaining the required approvals.
Governance Records
Create and complete prudential attestations with supporting documents. Record board approval and external filing references alongside the reporting evidence.
Annual Statements and Disclosures
Generate financial-year RAD/DAP statements for a selected facility, review resident disclosure records and record issue or acknowledgement status. Complete the governance and external filing steps separately.
The wider workflow
Where prudential compliance connects.
Evaluate funding, invoices and reconciliation against the records that support them. Keep preparation, approval and external submission responsibilities explicit.
A workflow illustration showing the broader operating context.
Explore the product tour
Evaluation
What to inspect with your team.
Bring a representative prudential compliance scenario and use these questions to guide your demonstration.
Book a demo with this scenario- Walk through deposit and refund oversight using a representative example.
- Check the permissions and review steps for facility liquidity view.
- Inspect the records and outputs available for evidence readiness.
Requirements and responsibilities
The requirements behind the workflow.
Review how these requirements apply to your services and the responsibilities your team retains.
Reference area: Chapter 4
Current Standards
From 1 November 2025, the three standards are Financial and Prudential Management, Liquidity, and Investment. Applicability depends on provider circumstances; they replace the former four Prudential Standards.
Liquidity Assessment
Applicable providers calculate default and evaluated minimum liquidity amounts each quarter, select the amount to maintain and keep a written liquidity management strategy. A deposit coverage ratio alone does not establish compliance.
Permitted Uses
Refundable deposits have restricted uses under the Act and Rules. Day-to-day operating costs, including wages and consumables, are not permitted uses. Check the conditions for each proposed use.
Provider Review and Reporting
Use the current Commission guidance to identify reporting, governance and resident disclosure obligations. Retain the decisions and evidence supporting your submissions.
Related workflows.
Explore the records and responsibilities that connect prudential compliance with the wider platform.
Questions about prudential compliance.
Which Financial and Prudential Standards apply now?
The three standards are Financial and Prudential Management, Liquidity, and Investment. They replaced the former Governance, Disclosure, Records and Liquidity standards on 1 November 2025. Check the Commission’s applicability guidance for your registration category and circumstances.
Does the liquidity view certify that we meet the minimum liquidity amount?
No. The view shows facility deposit balances, deductions and refund exposure. Your liquidity assessment also needs the applicable minimum liquidity calculation, financial information and governance decisions. Review these responsibilities during your evaluation.
Can refundable deposits fund ordinary operating costs?
No. The Commission identifies day-to-day operating costs, including wages and consumables, as non-permitted uses. Some capital expenditure, investments, refunds, loans and reasonable business losses may qualify under specific conditions. Recording a use in software does not make it permitted.
Does Statura submit prudential reports for us?
No. This workspace prepares records and captures external filing references and evidence; it does not transmit prudential reports to the regulator. Your team completes the board approval and external submission steps.
See Prudential Compliance in action.
Bring a prudential compliance scenario. We’ll walk through the relevant records, review steps and scope for your organisation.