Federal Register of Legislation - Australian Government

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A Bill for an Act to amend the Aged Care (Bond Security) Act 2006, and for related purposes
Administered by: Health
For authoritative information on the progress of bills and on amendments proposed to them, please see the House of Representatives Votes and Proceedings, and the Journals of the Senate as available on the Parliament House website.
Registered 21 Mar 2013
Introduced HR 13 Mar 2013
Table of contents.

2010‑2011‑2012‑2013

 

The Parliament of the

Commonwealth of Australia

 

HOUSE OF REPRESENTATIVES

 

 

 

 

Presented and read a first time

 

 

 

 

 

 

 

 

 

Aged Care (Bond Security) Amendment Bill 2013

 

No.      , 2013

 

(Health and Ageing)

 

 

 

A Bill for an Act to amend the Aged Care (Bond Security) Act 2006, and for related purposes

  

  


Contents

1............ Short title............................................................................................. 1

2............ Commencement................................................................................... 1

3............ Schedule(s)......................................................................................... 1

Schedule 1—Amendments                                                                                                3

Aged Care (Bond Security) Act 2006                                                                       3


A Bill for an Act to amend the Aged Care (Bond Security) Act 2006, and for related purposes

The Parliament of Australia enacts:

1  Short title

                   This Act may be cited as the Aged Care (Bond Security) Amendment Act 2013.

2  Commencement

                   This Act commences on 1 July 2014.

3  Schedule(s)

                   Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.

Schedule 1Amendments

  

Aged Care (Bond Security) Act 2006

1  Title

Omit “bond”, substitute “accommodation payment”.

2  Section 1

Omit “Bond”, substitute “Accommodation Payment”.

Note:       This item amends the short title of the Act. If another amendment of the Act is described by reference to the Act’s previous short title, that other amendment has effect after the commencement of this item as an amendment of the Act under its amended short title (see section 10 of the Acts Interpretation Act 1901).

3  Section 3

Omit “a bond”, substitute “an accommodation payment”.

4  Section 3

Omit “Bond”, substitute “Accommodation Payment”.

5  Subsection 6(1)

Insert:

accommodation bond balance has the meaning given by the Dictionary in Schedule 1 to the Aged Care Act 1997.

accommodation payment balance means:

                     (a)  a refundable deposit balance; or

                     (b)  an accommodation bond balance; or

                     (c)  an entry contribution balance; or

                     (d)  an unregulated lump sum balance.

6  Subsection 6(1) (paragraph (i) of the definition of administrative costs)

Omit “Bond”, substitute “Accommodation Payment”.

7  Subsection 6(1) (definitions of bond and bond balance)

Repeal the definitions.

8  Subsection 6(1)

Insert:

entry contribution balance has the meaning given by the Dictionary in Schedule 1 to the Aged Care Act 1997.

9  Subsection 6(1)

Insert:

outstanding accommodation payment balance has the meaning given by subsection (2).

10  Subsection 6(1) (definition of outstanding bond balance)

Repeal the definition.

11  Subsection 6(1) (definition of operator)

Repeal the definition.

12  Subsection 6(1)

Insert:

refundable deposit balance has the meaning given by the Dictionary in Schedule 1 to the Aged Care Act 1997.

13  Subsection 6(2) (heading)

Repeal the heading, substitute:

Outstanding accommodation payment balance

14  Subsection 6(2)

Omit “a bond balance is an outstanding bond balance”, substitute “an accommodation payment balance is an outstanding accommodation payment balance”.

15  Paragraph 6(2)(a)

Omit “bond”, substitute “accommodation payment”.

16  After paragraph 6(2)(a)

Insert:

                    (aa)  in relation to a refundable deposit balance—that time is later than the time required for payment of the balance to be refunded by the person under Division 52P of the Aged Care Act 1997; and

17  Paragraph 6(2)(b)

Omit “accommodation bond or entry contribution—that time is later than the time required for the bond balance”, substitute “accommodation bond balance or entry contribution balance—that time is later than the time required for the balance”.

18  Subparagraph 6(2)(b)(i)

Omit “Aged Care Act 1997”, substitute “Aged Care (Transitional Provisions) Act 1997”.

19  Subparagraph 6(2)(b)(ii)

Omit “User Rights”, substitute “Aged Care (Transitional Provisions)”.

20  Subparagraph 6(2)(b)(ii)

Omit “Aged Care Act 1997”, substitute “Aged Care (Transitional Provisions) Act 1997”.

21  Subparagraph 6(2)(b)(iii)

Omit “bond”.

22  Section 6A

Repeal the section.

23  Paragraph 7(1)(b)

Omit “bond”, substitute “accommodation payment”.

24  Paragraph 9(2)(c)

Omit “bond”, substitute “accommodation payment”.

25  Paragraphs 10(1)(b) and 10(2)(c)

Omit “bond”, substitute “accommodation payment”.

26  Paragraph 11(1)(b)

Omit “bond”, substitute “accommodation payment”.

27  Subsection 12(1)

Omit “bond” (wherever occurring), substitute “accommodation payment”.

28  Subsection 12(2)

Omit “bond” (wherever occurring), substitute “accommodation payment”.

29  Paragraph 12(2)(c)

Omit “User Rights”, substitute “Fees and Payments”.

30  Paragraph 12(3)(a)

Omit “a bond”, substitute “an accommodation payment”.

31  Subsection 13(1)

Omit “bond” (wherever occurring), substitute “accommodation payment”.

32  Paragraph 13(2)(b)

Omit “bond”, substitute “accommodation payment”.

33  Paragraphs 13A(1)(a) and (b)

Repeal the paragraphs, substitute:

                     (a)  a person who is or has been an approved provider (the approved provider or former approved provider) refunds part of an accommodation payment balance (the initial refund); and

                     (b)  after the initial refund, the Secretary, under paragraph 12(2)(b), determines the amount that the Secretary considers is equal to the amount of the accommodation payment balance that has not been refunded at the time the Secretary makes the determination; and

34  Paragraphs 13A(2)(b) and (3)(b)

Omit “bond”, substitute “accommodation payment”.

35  Paragraphs 19(3)(b) and 22(1)(c)

Omit “Bond”, substitute “Accommodation Payment”.

36  Savings—insolvency events

Despite the amendments made by this Schedule, the Aged Care (Bond Security) Act 2006, as in force immediately before the commencement of this item, continues to apply, after the commencement of this item, in relation to insolvency events that occur before the commencement of this item.