The schedules for residential and home care subsidies and supplements that take effect from 20 September 2018 were released late last week, and these changes are now available in the latest versions of Manad Plus (see below for further details).
The MPIR applicable to ‘refund periods’ remains at 5.96% for the period of 1 October 2018 to 31 December 2018 for:
• refundable deposit balances and accommodation bond balances
• accommodation prices
The Base Interest Rate remains unchanged at 3.75%.
IMPORTANT: Changes to ACFI subsidy rates
Please note that in addition to the daily ACFI subsidy rates released on 01 July 2018, the Quality Care Fund will be paid as an additional daily ACFI subsidy amount for the period 20 September 2018 to 30 June 2019. This will increase all ACFI rates and the maximum possible daily subsidy amount to $217.77 and assist providers to transition to new quality standards.
View the updated Schedule of subsidies and supplements that will take effect from 20 September 2018: