Effective 1 July 2012 the asset testing thresholds for determining eligibility for a residential care subsidy will be CPI adjusted on 1 July of each year. This adjustment replaces the previous mechanism, which increased the thresholds by $10,000 each year and was to apply until 1 July 2025.
For more information on residential care subsidies see Residential care subsidy update and Budget 2012 changes to residential care subsidies
References:
- Social Security (Long-term Residential Care – Budget Measures) Amendment Act 2012
Matters of Trust 
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