Base interest rate (BIR) and maximum permissible interest rate (MPIR) for residential aged care

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BIR and MPIR for residential aged care

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Publication date: 
3 July 2020
Last updated: 
9 April 2021
Publication type: 
Guideline
Intended audience: 
Health sector
Description: 

This document includes a table of the current and previous rates, and information on:

  • calculating accommodation payments and contributions
  • calculating interest on refunds of accommodation lump sum balances
  • calculating late fees and charges
  • how the BIR and MPIR are determined.