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Review of assets tested cases
Because the value of an accommodation bond decreases during the five year draw down period, pensioners who have paid such a bond and are assets tested need to have their assets reviewed on a six monthly basis.
Regular review may also be required for people who pay their entry contribution as periodic payments since their other assets may deplete over time.
A six-monthly review should be established for these people upon notification that they have paid a bond to enter an aged care facility.