This year is a leap year, with 366 days instead of 365. The department has received queries from approved providers of residential care seeking advice on how to calculate a daily accommodation payment (DAP) in a leap year.
The calculators specified in the Fees and Payments Principles 2014 (No. 2) (the Principles) refer to 365 days for working out:
• the DAP (or contribution) equivalent to a refundable accommodation deposit (RAD) (or contribution)
• the amount of interest on a RAD (or contribution) balance or accommodation bond balance.
Even though 2020 is a leap year, residential care providers should continue to use 365 days when calculating DAP amounts and the interest payable on refunds of lump sum deposits. But please be aware that daily payments and daily contributions are payable for 366 days in 2020.