Previous Residential Care Fees and Charges Advices
As at: 20 March 2002
Archived residential care fees and charges
Description | Old Rate (applicable to 19 March 2002) | New Rate (applicable from 20 March 2002) |
| Maximum Basic Daily Care Fee - residents receiving full or part means tested Australian pension - Non-Pensioners Residents receiving care in a hostel on 30 September 1997 * - residents receiving full or part means tested Australian pension - Non-Pensioners | up to $23.96 up to $29.92 up to $23.16 up to $29.12 | up to $24.63 up to $30.76 up to $23.83 up to $29.96 |
| Maximum daily income tested fee: - residents receiving a full means tested Australian pension - residents receiving part means tested Australian pension may be asked to pay if they have private income per year of: (single) (married - combined) - non-pensioner residents may be asked to pay if they have private income per year of: (single) (married - combined) | N/A up to $18.58 about $30,000 about $59,500 up to $41.96 about $64,000 about $128,000 | N/A up to $19.08 about $30,500 about $61,000 up to $43.13 about $65,500 about $131,000 |
| Limit to accommodation bond size for Pensioner Supplement eligibility | $102,500 | $105,500 |
| Minimum amount of assets a person must be left with when calculating amount of Accommodation Bond or Charge | $25,500 | $26,500 |
| Maximum daily Accomodation Charge ** may be levied - for assisted residents with assets at entry of at least - for other residents with assets at entry of | $41,000 about $49,400 | $42,000 about $50,400 |
| Maximum rate of daily Accomodation Charge - for concessional residents - for assisted residents - other residents Asset cutoff level - for concessional *** resident status - for assisted *** resident status | N/A $6.54 $13.07 $25,500 $41,000 | N/A $6.54 $13.07 $26,500 $42,000 |
| Maximum permissible interest rate for Accomodation Payment agreements entered into - Accomodation Bonds - Accomodation Charge | From 1 January 2002 8.28% From 1 July 2001 6% | From 1 April 2002 8.31% From 20 March 2002 5% |
| Pensioner Supplement Age pension (maximum basic rate) Age Pension (maximum basic rate + supplement) | From 1 July 2001 $5.69 $394.70 $410.50 | From 1 July 2001 $5.69 $405.80 $421.80 |
* These rates apply for pre 1 October 1997 hostel residents who haven't moved into a former nursing home. (See also Residential Care Manual section 7.3.4 about variable fees for some pre 1 October 1997 hostel residents).
** Otherwise, the accommodation charge may be the lesser of the maximum permitted rates and the amount calculated as the margin of assets over $26,500 divided by 5 then divided by 365 (See section 8.3.4.4 of Residential Care Manual).
*** See Residential Care Manual for concessional (6.3.5.1.2) and assisted (6.3.5.1.4) status additional criteria.
Top of page
