Asset Cut-off Level for fully supported3 resident status $46,000 for partially supported3 resident status $118,966.40 For payment of accommodation supplement for residents in services that are significantly refurbished or newly built $157,987.20 Interest Rates Maximum Permissible Interest Rate Per Annum – For accommodation bond agreements for all new residents from 1 January 2016 - 6.22% March 2016 For accommodation charge agreements for all new residents from 1 January 2016 3.50% 19 March 2016 – Base Interest Rate Per Annum – For accommodation bond agreements for all new residents from 1 January 2016 3.75% 19 March 2016 – Table 2 Maximum Daily Accommodation Charge for pre 1 July 2014 residents7 (including those pre 1 July 2014 residents who enter your home during the period 20 September 2015 19 March 2016) – for fully supported, concessional and N/A charge exempt residents Residents who first entered residential aged care between 20/3/2008 30/6/20144 – non-supported residents, if their assets at entry are up to $35.08 capped at maximum rate of previous or at least $118,966.40 entry supported residents, if their assets at entry are equal calculated amount6 to or less than $118,966.40 Residents who first entered residential aged care between 1/7/2004 19/3/2008. – assisted residents, if their assets at entry are at least up to $12.83 $69,415.00 assisted residents, if their assets at entry are less calculated amount3 than $69,415.00 other residents, if their assets at entry are at least up to $22.43 $86,935.00 other residents, if their assets at entry are less than calculated amount3 $86,935.00 Residents who first entered residential aged care before 1/7/20048 assisted residents, if assets at entry are at least up to $9.80 $63,885.00 assisted residents, if their assets at entry are less calculated amount3 than $63,885.00 other residents, if assets at entry are at least up to $19.08 $80,821.00
Asset Cut-off Level for fully supported3 resident status $46,000 for partially supported3 resident status $118,966.40 For payment of accommodation supplement for residents in services that are significantly refurbished or newly built $157,987.20 Interest Rates Maximum Permissible Interest Rate – Per Annum For accommodation bond agreements for all new residents from 1 January 2016 March 2016 6.22% For accommodation charge agreements for all new residents from 1 January 2016 – 19 March 2016 3.50% Base Interest Rate – Per Annum For accommodation bond agreements for all new residents from 1 January 2016 – 19 March 2016 3.75% Table 2 Maximum Daily Accommodation Charge for pre 1 July 2014 residents7 (including those pre 1 July 2014 residents who enter your home during the period 20 September 2015 – 19 March 2016) for fully supported, concessional and charge exempt residents N/A Residents who first entered residential aged care between 20/3/2008 – 30/6/20144 non-supported residents, if their assets at entry are at least $118,966.40 up to $35.08 or capped at maximum rate of previous entry supported residents, if their assets at entry are equal to or less than $118,966.40 calculated amount6 Residents who first entered residential aged care between 1/7/2004 – 19/3/2008. assisted residents, if their assets at entry are at least $69,415.00 up to $12.83 assisted residents, if their assets at entry are less than $69,415.00 calculated amount3 other residents, if their assets at entry are at least $86,935.00 up to $22.43 other residents, if their assets at entry are less than $86,935.00 calculated amount3 Residents who first entered residential aged care before 1/7/20048 assisted residents, if assets at entry are at least $63,885.00 up to $9.80 assisted residents, if their assets at entry are less than $63,885.00 calculated amount3 other residents, if assets at entry are at least $80,821.00 up to $19.08 -
attachment_b_-_updated_schedule_of_residential_fees_and_charges_for_pre_1_july_2014_residents_-_pre-_2.docx