Residential Care Subsidy Amendment Principles 2004 (No. 3)
I, JULIE BISHOP, Minister for Ageing, make these Principles under subsection 96‑1 (1) of the Aged Care Act 1997.
Dated 25 June 2004
JULIE BISHOP
Minister for Ageing
1 Name of Principles
These Principles are the Residential Care Subsidy Amendment Principles 2004 (No. 3).
2 Commencement
These Principles commence on 1 July 2004.
3 Amendment of Residential Care Subsidy Principles 1997
Schedule 1 amends the Residential Care Subsidy Principles 1997.
Schedule 1 Amendments
(section 3)
[1] Section 21.24
substitute
21.24 Purpose of Part (Act s 44-16)
This Part provides for additional primary supplements, including payroll tax supplement, transitional supplement and conditional adjustment payment (CAP), and specifies the circumstances in which they will apply.
[2] After section 21.26
insert in Part 10
21.26A Conditional adjustment payment (CAP)
CAP applies to a care recipient in a residential care facility in respect of a payment period that begins before 30 June 2005.
21.26B CAP — payment formula
The amount of CAP payable in respect of a care recipient is an amount equal to 1.75% of the basic subsidy payable in respect of the care recipient.