Aged care fees and charges - accommodation payments 065-05020020

Policy

Social Security Guide, 1.1.A.15, Accommodation bond, accommodation bond balance

Social Security Guide, 4.6.2.10, General provisions for exempt assets

Social Security Guide, 4.6.3.70, Exempting the principal home - care situations

Social Security Guide, 4.6.6.30, Encumbrances & loans against assets

Social Security Guide, 4.6.5.90, Assessing home equity conversion loans

Legislation

Links to the Federal Register of Legislation go to a ‘Series’ page. Select the ‘Latest’ version.

Assessment of accommodation bond and income support payment

Social Security Act 1991

• For Accommodation bond is not a financial investment see section 9(1D), To avoid doubt, none of the following is a financial investment
• Section 1121, Effect of charge or encumbrance on value of assets

Social Security (Administration) Act 1999

Aged Care Act links

Aged Care Act 1997

• Schedule 1, Dictionary

Subsidy Principles 2014

• 47 Working out care recipient’s means tested amount – value of assets

Aged Care (Transitional Provisions) Act 1997 for the following pre 1 July 2014 Act references:

• division 57, What are the responsibilities relating to accommodation bonds and entry contributions?
• section 57-2, Basic rules about accommodation bonds
• section 57-9, Contents of accommodation bond agreements
• section 44-10, How to work out the value of a person's assets
• division 86, Protection of information
• section 96-2, Delegation of Secretary's powers and functions