Transfer of pre 1 October 1997 residents to new rules | Compensation and Support Reference Library, Departmental Instructions, 1998, C12/1998 AGED CARE REFORMS , PENSION ASSESSMENT OF ACCOMMODATION BONDS

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Transfer of pre 1 October 1997 residents to new rules

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DVA pensioners who entered aged care before 1 October 1997 will continue to be assessed under the pre 1 October 1997 asset assessment rules until:

  • they move to a new aged care facility - in which case the balance of any entry contribution they have paid may be rolled-over into an accommodation bond (for hostel level care) or may be used to help fund the accommodation charge (for nursing home level care); or
  • in the case of low level care residents they request or DVA identifies that it is to the pensioners financial advantage to apply the accommodation bond assessment rules.