Base interest rate (BIR) and maximum permissible interest rate (MPIR) for residential aged care
View the current and previous BIR and MPIR for residential aged care. Find out which rate to use to calculate accommodation payments and contributions and interest amounts.
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BIR and MPIR for residential aged care
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Publication date:
3 July 2020
Last updated:
8 March 2022
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.