Publications
1 September 2009 - Advice on Varying the Amount of an Accommodation Bond with an Existing Resident
Varying the Amount of an Accommodation Bond with an Existing Resident.
To Residential Service Providers
Please see the attached information regarding Varying the Amount of an Accommodation Bond with an Existing Resident.
For further information contact the Aged Care Information Line on 1800 500 853
If you have any problems with the receipt of this fax, please call Yo Landa on 02 6289 5099.
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You may download this document in PDF format.
PDF printable version of Varying the Amount of an Accommodation Bond with an Existing Resident (PDF 46 KB)
Varying the amount of an accommodation bond with an existing resident
The amount of an accommodation bond can be varied by mutual agreement between a provider and a resident provided that any revised amount is not more than the maximum that applied at the time of the person's entry to care.
Any agreed increase in a bond amount should be associated with an improvement in accommodation for the resident — for example, the resident moving from a shared to a single room.
This does not alter the requirement of the Act that a person transferring between providers cannot be charged as a bond an amount that is greater than the bond balance refundable by the provider they are transferring from either at the time of transfer or thereafter.
For further information contact the Aged Care Information Line on 1800 500 853.
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