Aged Care Act 1997 Determination under section 44-16(3) (10/02/2005) (Cth)

Aged Care Act 1997

Determination under section 44-16 (3)

I, JULIE BISHOP, Minister for Ageing, acting under section 44-16 (3) of the Aged Care Act 1997 (“the Act”) DETERMINE, commencing on 1 April 2005, that the amounts of CONDITIONAL ADJUSTMENT PAYMENT for a particular day are the amounts worked out in accordance with the method set out below.

1. Calculate the CAP Proportion for the particular day as follows:

(a)     for a day in the financial year ending on 30 June 2005 — 0.0175 and

(b)     for a day in a later financial year ending on or before 30 June 2008 — the sum of:

(i)     the CAP Proportion for a day in the previous financial year; and

(ii)     0.0175.

2. Calculate the Base Amount for a particular care recipient and a particular day as follows:

The Base Amount is equal to the basic subsidy amount for the day for the care recipient as determined by Subdivision 44-B of the Act

3. Calculate the amount of the CONDITIONAL ADJUSTMENT PAYMENT for a particular care recipient and a particular day as follows:

The amount of the CONDITIONAL ADJUSTMENT PAYMENT is equal to the CAP Proportion times the Base Amount.

Dated 10^th day of February 2005

Julie Bishop

JULIE BISHOP

Minister for Ageing