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General

Residential care subsidy changes enacted

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

 

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