Previous Residential Care Fees and Charges Advices
As at: 20 March 2001
Archived residential care fees and charges
Description | Old Rate (applicable to 19 March 2001) | New Rate (applicable from 20 March 2001) |
| Maximum Basic Daily Care Fee - Full or Part Means Tested Pensioner - Non-Pensioner Residents receiving care in a hostel before 1 October 1997* - Full or Part Means Tested Pensioner - Non-Pensioner | up to $23.00 up to $28.73 up to $22.20 up to $27.93 | up to $23.46 up to $29.30 up to $22.66 up to $28.50 |
| Maximum amount that can be paid as a daily income tested fee - Full Means Tested Pensioners - Part Means Tested Pensioners - Non-Pensioner (single) | N/A up to $17.84 up to $40.27 | N/A up to $18.20 up to $41.08 |
| Maximum income tested fee may only apply if you have a private annual income of at least - Full Means Tested Pensioner - Part Means Tested Pensioner (single) (married - combined) - Non-Pensioner (single) (married - combined) | N/A about $28,500 about $57,000 about $61,500 about $123,000 | N/A about $29,500 about $58,000 about $62,500 about $125,000 |
| Minimum amount of assets a person must be left with when calculating amount of Accommodation Bond or Charge | $24,500 | $25,000 |
| Limit to accommodation bond size for Pensioner Supplement eligibility | $98,500 | $100,500 |
| Maximum daily Accommodation Charge may be levied** - for assisted residents with assets at entry of at least # - for other residents with assets at entry of at least # | $39,500 $47,000 | $40,000 $47,500 |
| Maximum rate of daily Accommodation Charge ## - for concessional residents - for assisted residents - other residents | From 1 July 2000 N/A $6.17 $12.33 | From 1 July 2000 N/A $6.17 $12.33 |
| Asset cutoff level *** - for concessional resident status - for assisted resident status | $24,500 $39,500 | $25,000 $40,000 |
| Maximum permissible interest rate for Accommodation Payment agreements entered into - Accommodation Bonds - Accommodation Charge | From 1 January 2001 9.86% From 20 March 2000 7% | From 1 April 2001 9.86% From 20 March 2000 7% |
| Pensioner Supplement ## | From 1 July 2000 $5.56 | From 1 July 2000 $5.56 |
* These rates apply for pre 1 October 1997 hostel residents who haven't moved into a former nursing home.
** Otherwise, the accommodation charge may be the lesser of the maximum rates below and the amount calculated as the margin of assets above $25,000 divided by 5 years
*** See Residential Care Manual for concessional and assisted status additional criteria.
# Asset level at which maximum accommodation charge can be levied varies in line with July indexation changes and also in March and September when aged pensions are indexed.
## Maximum Daily Accommodation Charge and Pensioner Supplement amounts are indexed annually on 1 July.
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