Clean Energy (Household Assistance Amendments) Act 2011 (141 of 2011)

Schedule 9   Aged care amendments

Aged Care Act 1997

3   Subsection 58-3C(3)

Repeal the subsection, substitute:

Standard resident contribution

(3) The standard resident contribution for a care recipient to whom this section applies is the amount obtained by rounding down to the nearest cent an amount equal to 96.5% of the *basic age pension amount (worked out on a per day basis).