Transfer to new rules - treatment of existing 2 year exemption | Compensation and Support Reference Library, Departmental Instructions, 1998, C12/1998 AGED CARE REFORMS , HOMEOWNERSHIP STATUS

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Transfer to new rules - treatment of existing 2 year exemption

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After 1 October, a few cases may arise where a person who entered aged care before 1 October, and is still assessed under the pre 1 October asset assessment rules, transfers to the new accommodation bond rules.    More

Where this happens, and the person's former home is being exempted as an asset for two years under the nursing home rules, the two year exemption will continue unaffected.  The two year exemption is not restarted from the date the person transfers to the new rules, even if they have moved from one facility to another.