Asset assessment rules for aged care means testing broadly align with the rules for income support pensions from 1 July 2014, including the $10,000 nominal value of home assets and that only debts against specific assessable assets are allowed as deductions.

Differences in asset assessment rules for aged care means testing are:

  • inclusion of accommodation bond and refundable accommodation deposit or contribution balances,
  • treatment of the principal home has been modified (see next section).