Certain pensioners who entered hostels prior to 1 October 1997 will continue to have any amount they paid for entry to that facility assessed under the pre-accommodation bond rules until they either move to a new facility, or DVA identifies that it is to their advantage to be assessed under the accommodation bond rules.
A person may be better off under the accommodation bond rules in a situation where the person's former home is exempted for two years under the nursing home rules and the person has paid an entry contribution that is assessed as a loan and deemed. More [3]
The procedure to be followed where a person who is assessed under the pre-accommodation bond rules is better off assessed under the new rules is as follows:
1.Delete entry contribution from assessment
Note the amount of the entry contribution that is being held as a loan in the person's financial assets and then delete the loan from their assessment.
2.Enter accommodation bond amount
In the “Accommodation Bond” field, enter the amount that was previously assessed as a loan.
A warning message will appear confirming that it is only appropriate to enter an accommodation bond for a pre-1 October 1997 date of entry to aged care if the person has moved between facilities or has requested assessment under the accommodation bond rules instead of the previous entry contribution rules.
Since the person is not actually entering aged care there is no need to alter the “Date of Entry” field.
Links
[1] https://clik.dva.gov.au/user/login?destination=node/32610%23comment-form
[2] https://clik.dva.gov.au/user/login?destination=node/32593%23comment-form
[3] https://clik.dva.gov.au/csrefpopref2-10
[4] https://clik.dva.gov.au/user/login?destination=node/32604%23comment-form