Previous Residential Care Fees and Charges Advices
As at: 30 March 2000
Archived residential care fees and charges
Income support payments, including age and service pensions, may be indexed in March or September. Maximum Rates for residential care fees and charges have changed as follows, effective from 30 March 2000.
Description | Old Rate(applicable to 29 March 2000) | New Rate(applicable from 30 March 2000 |
| Basic Daily Care Fee: - Full Pensioner - Part Pensioner - Non-Pensioner | Up to $22.25 Up to $22.25 Up to $27.80 | Up to $22.58 Up to $22.58 Up to $28.21 |
| Residents receiving hostel care before 1 October 1997* - Full Pensioner - Part Pensioner - Non-Pensioner | Up to $21.45 Up to $21.45 Up to $27.00 | Up to $21.78 Up to $21.78 Up to $27.41 |
| Maximum amount that can be paid as a daily income tested fee: - Full Pensioners - Part Pensioners - Non-Pensioner(single) | N/A Up to $13.28 Up to $38.95 | N/A Up to $13.66 Up to $39.53 |
| Maximum daily income tested fee will only apply if you have a private income of: - Full Pensioner - Part Pensioner (single) - (married) - Non-Pensioner (single) - (married) | N/A About $ 22,000.00 About $ 43,500.00 $ 59,500.00 $118,000.00 | N/A About $ 22,500.00 About $ 45,000.00 $ 60,000.00 $120,000.00 |
| Minimum amount of assets a person must be left with when calculating amount of Accommodation Bond or Charge - Single person - Married person | $ 24,000.00 $ 48,000.00 | $ 24,000.00 $ 48,000.00 |
| Amount of assets that will be taken into account in calculating the Accommodation Charge** - Minimum - Maximum | $ 24,000.00 $ 45,900.00 | $ 24,000.00 $ 45,900.00 |
| Limit to accommodation bond size for Pensioner Supplement eligibility | $ 95,500.00 | $ 96,500.00 |
| Assisted resident cut off | $ 38,000.00 | $ 38,500.00 |
| Pensioner Supplement *** | From 1 July 1999 $5.45 | Indexed on 1 July 2000 |
* Residents who entered a hostel before 1 October 1997 and agreed to pay a higher variable fee may continue to pay that amount, less any rent assistance they were receiving before this date.
** People with Assets between these amounts may pay an accommodation charge on a sliding scale, based on the margin of assets above $24,000 divided by 5 years.
*** Pensioner Supplement is indexed annually on 1 July
From 20 March 2000, the maximum interest rate payable on overdue payments of the accommodation charge is 7% per annum. This maximum rate will apply to accommodation charge agreements entered from that date. For existing agreements, the maximum interest rate is 6% per annum. A lower rate may be specified in the agreement.
Treasury advises that the Treasury Note Yield for residents entering into an accommodation bond agreement and who enter care in the 1 April to 30 June 2000 quarter, is 9.650%.
The Treasury Note Yield is the maximum interest rate that providers can charge on accommodation bonds paid after the due date or as periodic payments.
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