Only new entrants pay bond

Only people who enter aged care from 1 October will have an amount they pay for entry to an aged care facility assessed as an accommodation bond.

Existing residents of hostels and those people who enter hostels before 1 October will not be required to pay an additional amount as an accommodation bond or re-negotiate any amount they have already paid as an entry contribution.

Existing residents of nursing homes and those people who enter nursing homes before 1 October will not be required to pay an accommodation bond or entry contribution.    More