Navigating the New Aged Care Act: Risk and Insurance Perspectives Webinar

Date: Wednesay 25 September 
Time: 1pm to 2.30pm SA, NT | 1.30pm to 3pm VIC, NSW, ACT, TAS, QLD | 11.30am to 1pm WA
Presenter: Lyle Steffensen, Manager - Industry Strategy and Innovation, Health and Community Services at Lockton,

The exposure draft - new Aged Care Bill 2023 proposes substantial increases in penalties (new statutory duties on registered providers (section 120) and responsible persons (section 121), including heightened fines and the possibility of up to five years in prison for individuals convicted of the most severe offences. The prospect of heightened penalties has raised substantial concerns among board members within the sector.

As specialists in risk and insurance within the aged care industry, Lockton understands the complexities and challenges facing both individuals and organisations.

Join Lyle to delve into the potential risk and insurance implications facing individual board members and organisations as a result of the draft new Aged Care Act.

KEY TOPICS OF DISCUSSION:

1. The insurability of governance-related fines.
2. The necessity of personal governance insurance cover for board members.
3. Potential risk and insurance implications for other classes of insurance.
4. The potential impact of Registered Nurses being designated as 'Responsible Persons'.
5. Practical tips for boards and senior managers to navigate the potential new legislative landscape
6. An informative discussion focusing on the risk and insurance considerations of the upcoming amendments to legislation including WHS Risk Management Considerations

ABOUT LOCKTON

Lockton is the largest privately-owned global insurance broker, specialising in tailored risk management and insurance advisory solutions for Australian aged care organisations. In today's evolving landscape, marked by legislative and regulatory changes, workforce challenges, cyber threats, and ongoing impacts of COVID-19, Lockton serves as a trusted advisor to over 50 aged care and retirement living organisations across Australia.

With a strong commitment to service excellence and a 98% client retention rate, Lockton caters to a diverse clientele, ranging from single-site providers to large not-for-profit and for-profit providers.

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Notification of cancellation or transfer of registration must be by email to enquiry@acia.asn.au. No refund is available for any cancellations received five working days or less prior to the start date, however a substitute delegate is welcome. Please notify ACIA of any substitution as soon as possible.No refund or transfer will be given for non-attendance.