PFS Consulting

Category: Risk Management

Determining reserves for aged care providers

Aged care providers hold substantial accommodation deposits, which are potentially useful to the business for investment in permitted capital expenditure. However, providers also need to maintain sufficient reserves to provide refunds when residents pass away or leave. PFS Consulting’s Stephen Crump discusses how an aged care provider can determine an appropriate level of prudential reserves, and address how these amounts should be invested.

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How to manage your cyber risk

The risk of cybersecurity incidents is mounting, both in terms of monetary loss but also reputational damage. Australian businesses have been a little behind in adopting cybersecurity measures, but the Notifiable Data Breaches scheme is changing that. How can you keep your business cybersecure?

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