The Australian Government introduced significant changes to its Home Care Package program to enable people to stay at home for longer and to facilitate greater choice and control for people receiving home care through a Consumer Directed Care (CDC) model.
From 1 August 2013, all new home care packages were required to be delivered on a CDC basis. From 1 July 2015, all home care packages need to be delivered on a CDC basis. This includes the existing 59,000 home care packages which will need to convert to a CDC.
The introduction of CDC is a significant change to the way that home care is delivered in Australia and will result in changes to the accounting treatment applied to home care packages.
This publication addresses the accounting implications to be considered upon implementation of CDC home care packages.
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