Residential Care Subsidy Amendment Principles 1999 (No. 1)

I, BRONWYN KATHLEEN BISHOP, Minister for Aged Care, make these Principles under subsection 96-1 (1) of the Aged Care Act 1997.

Dated 27 September 1999.

BRONWYN BISHOP
Minister for Aged Care

Residential Care Subsidy Amendment Principles 1999 (No. 1)

made under the

Aged Care Act 1997

Contents

 Page

 1 Name of Principles 

 2 Commencement 

 3 Amendment of Residential Care Subsidy Principles 1997

Schedule 1 Amendments 

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1 Name of Principles

  These Principles are the Residential Care Subsidy Amendment Principles 1999 (No. 1).

2 Commencement

  These Principles commence on gazettal.

3 Amendment of Residential Care Subsidy Principles 1997

  Schedule 1 amends the Residential Care Subsidy
Principles 1997.

Schedule 1 Amendments

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(section 3)

[1] Section 21.3

omit

In these Principles:

insert

(1) In these Principles:

[2] Section 21.3, before the note

insert

 (2) For paragraph 44-7 (1) (b) of the Act, homeowner does not include a person if the value of the person’s interest in the home does not exceed an amount that is 2.5 times the basic age pension amount at the applicable time.

 (3) For paragraph 44-8 (1) (b) of the Act, homeowner does not include a person if the value of the person’s interest in the home does not exceed an amount that is 4 times the basic age pension amount at the applicable time.

Note 1   Applicable time is defined in subs 44-7 (2) and 44-8 (2) of the Act.

Note 2   Basic age pension amount is defined in the Dictionary included in Sch 1 to the Act.