Regis has flagged to the market that it will write down the $223.8 million value of its bed licences over the next three years ahead of the removal of the Aged Care Approvals Rounds (ACAR), reducing its net assets as aged care places are deregulated. (Brown, 2022)

Part 3: Provide a detailed discussion of how Regis HealthCare:

i. Accounts for bed licences under AASB138 Intangible Assets prior to the government announcement.

ii. Accounts for (or plan to account for) bed licences under AASB138 Intangible Assets (and any other accounting standard) following the government announcement.