Statement on Conditional Adjustment Payment
Any change to funding the Conditional Adjustment Payment is a matter for consideration by the Government in the context of the Budget, the Minister for Ageing, Justine Elliot, has said.
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1 May 2008
In response to inquiries from News Limited publications, the Minister for Ageing, Mrs Justine Elliot said:
"Any change to the future funding of the Conditional Adjustment Payment (CAP) is a matter for consideration by the Government in the context of the Budget.
"It is a long standing principle to neither confirm nor deny what is, or is not, part of the budget process.
"The Federal Government is committed to the long-term viability of the Australia’s aged care sector and the protection of the nation’s frail and elderly.
"That is why – on March 20 – we introduced changes to the funding of aged care in Australia which includes the ACFI (Aged Care Funding Instrument).
"These changes will see more than $1.13 billion over four years invested in the sector.
"Once fully phased in, the increases in payments will deliver more than $300 million a year in additional revenue, mostly for high care.
In addition, on March 22, we announced the Federal Government will provide $300 million in zero real interest loans to help the aged care sector create beds in areas designated as high need."
Details: Ministerial office - (02) 6277-7280
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