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Minimum retention amount
The Aged Care Act 1997 provides that where a person has paid an accommodation bond, or signed an accommodation bond agreement, and then leaves the aged care facility within two months of entering it, the facility can retain a certain amount of the bond.
The amount the facility can retain is equivalent to the amount that the facility would have received if the person had remained in aged care for three months.
This DI should be read in conjunction with DI C13/98 which covers changes to aged care that have occurred since 1 October 1997.