Definition of an accommodation bond

An accommodation bond is defined in the Aged Care Act 1997 as follows:

accommodation bond in relation to a person, means an amount of money paid or payable when entering hostel care or an extra service facility.

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