Aged Care (Living Longer Living Better)Act 2013 (76 of 2013)

Schedule 3 Amendments commencing on 1 July 2014

Insert:

refundable accommodation contribution means *accommodation contribution that:

(a) does not accrue daily; and

(b) is paid as a lump sum.

refundable accommodation deposit means *accommodation payment that:

(a) does not accrue daily; and

(b) is paid as a lump sum.

refundable deposit means:

(a) a *refundable accommodation deposit; or

(b) a *refundable accommodation contribution.

refundable deposit balance , in relation to a *refundable deposit is, at a particular time, an amount equal to the difference between:

(a) the amount of the refundable deposit; and

(b) any amounts that have been, or are permitted to be, deducted at the time from the refundable deposit under this Act as at that time.