Ann: Regis Healthcare Results Announcement FY2017, page-10

Coalboy,

It's in the 2017 Annual Report, mentioned in 2 pages:

page 7, under Market Update:
"In April, the Company announced that it had applied to the Federal Court for a declaration as to the interpretation of the Aged Care Act in order to obtain clarity in relation to its Asset Replacement Charge (ARC). Whilst awaiting court outcome, the Company continues to exclude the ARC revenue from its results."

page 32, under Director's Report:
"Regis currently charges an Asset Replacement Charge (the ARC) to care recipients and maintains that the ARC is consistent with the Act. Regis has applied to the Federal Court for a declaration as to the interpretation of the legislation in order to obtain clarity in relation to capital refurbishment type fees and their compliance with the Act. The court’s decision is expected in FY18. Regis has reduced FY17 profit by an amount equal to the ARC revenue recognised."

It is also mentioned in their Power Point Presentation page 23:
http://investors.regis.com.au/site/...Results-for-the-Period-ended-30-June-2017.pdf
"The Company continues to exclude the ARC revenue from its results, pending the outcome of Federal Court proceedings to clarify the interpretation of the legislation regarding Capital Replacement type fees"