PENSION ASSESSMENT OF ACCOMMODATION BONDS

Source URL: https://clik.dva.gov.au/compensation-and-support-reference-library/departmental-instructions/1998/c121998-aged-care-reforms/pension-assessment-accommodation-bonds

Background

Source URL: https://clik.dva.gov.au/compensation-and-support-reference-library/departmental-instructions/1998/c121998-aged-care-reforms/pension-assessment-accommodation-bonds/background

Definition of an accommodation bond

Source URL: https://clik.dva.gov.au/compensation-and-support-reference-library/departmental-instructions/1998/c121998-aged-care-reforms/pension-assessment-accommodation-bonds/definition-accommodation-bond

DVA not involved in calculating bonds

Source URL: https://clik.dva.gov.au/compensation-and-support-reference-library/departmental-instructions/1998/c121998-aged-care-reforms/pension-assessment-accommodation-bonds/dva-not-involved-calculating-bonds

Residents exempt from paying a bond

Source URL: https://clik.dva.gov.au/compensation-and-support-reference-library/departmental-instructions/1998/c121998-aged-care-reforms/pension-assessment-accommodation-bonds/residents-exempt-paying-bond

Option for paying bond

Source URL: https://clik.dva.gov.au/compensation-and-support-reference-library/departmental-instructions/1998/c121998-aged-care-reforms/pension-assessment-accommodation-bonds/option-paying-bond

Only new entrants pay bond

Source URL: https://clik.dva.gov.au/compensation-and-support-reference-library/departmental-instructions/1998/c121998-aged-care-reforms/pension-assessment-accommodation-bonds/only-new-entrants-pay-bond

Income test assessment of accommodation bonds

Source URL: https://clik.dva.gov.au/compensation-and-support-reference-library/departmental-instructions/1998/c121998-aged-care-reforms/pension-assessment-accommodation-bonds/income-test-assessment-accommodation-bonds

Review of income tested cases

Source URL: https://clik.dva.gov.au/compensation-and-support-reference-library/departmental-instructions/1998/c121998-aged-care-reforms/pension-assessment-accommodation-bonds/review-income-tested-cases

Asset test assessment of accommodation bonds

Source URL: https://clik.dva.gov.au/compensation-and-support-reference-library/departmental-instructions/1998/c121998-aged-care-reforms/pension-assessment-accommodation-bonds/asset-test-assessment-accommodation-bonds

Example assessment of accommodation bond draw down

Source URL: https://clik.dva.gov.au/compensation-and-support-reference-library/departmental-instructions/1998/c121998-aged-care-reforms/pension-assessment-accommodation-bonds/example-assessment-accommodation-bond-draw-down

Review of assets tested cases

Source URL: https://clik.dva.gov.au/compensation-and-support-reference-library/departmental-instructions/1998/c121998-aged-care-reforms/pension-assessment-accommodation-bonds/review-assets-tested-cases

Asset assessment of pensioners in aged care prior to 1 October 1997

Source URL: https://clik.dva.gov.au/compensation-and-support-reference-library/departmental-instructions/1998/c121998-aged-care-reforms/pension-assessment-accommodation-bonds/asset-assessment-pensioners-aged-care-prior-1-october-1997

Transfer of pre 1 October 1997 residents to new rules

Source URL: https://clik.dva.gov.au/compensation-and-support-reference-library/departmental-instructions/1998/c121998-aged-care-reforms/pension-assessment-accommodation-bonds/transfer-pre-1-october-1997-residents-new-rules

Example - transfer to new rules advantageous

Source URL: https://clik.dva.gov.au/compensation-and-support-reference-library/departmental-instructions/1998/c121998-aged-care-reforms/pension-assessment-accommodation-bonds/example-transfer-new-rules-advantageous

Cutoff of pensioner supplement at ten times age pension rate

Source URL: https://clik.dva.gov.au/compensation-and-support-reference-library/departmental-instructions/1998/c121998-aged-care-reforms/pension-assessment-accommodation-bonds/cutoff-pensioner-supplement-ten-times-age-pension-rate

Bond payable & assessed once only

Source URL: https://clik.dva.gov.au/compensation-and-support-reference-library/departmental-instructions/1998/c121998-aged-care-reforms/pension-assessment-accommodation-bonds/bond-payable-assessed-once-only

Amount of bond agreed in writing within 7 days

Source URL: https://clik.dva.gov.au/compensation-and-support-reference-library/departmental-instructions/1998/c121998-aged-care-reforms/pension-assessment-accommodation-bonds/amount-bond-agreed-writing-within-7-days

Transfer and refund of bond

Source URL: https://clik.dva.gov.au/compensation-and-support-reference-library/departmental-instructions/1998/c121998-aged-care-reforms/pension-assessment-accommodation-bonds/transfer-and-refund-bond

Minimum retention amount

Source URL: https://clik.dva.gov.au/compensation-and-support-reference-library/departmental-instructions/1998/c121998-aged-care-reforms/pension-assessment-accommodation-bonds/minimum-retention-amount

Entry fee agreed but not paid prior to 1 October 1997

Source URL: https://clik.dva.gov.au/compensation-and-support-reference-library/departmental-instructions/1998/c121998-aged-care-reforms/pension-assessment-accommodation-bonds/entry-fee-agreed-not-paid-prior-1-october-1997