Published: September 20, 2018
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Indexation rates for Residential Aged Care and Home Care Packages and changes to the Maximum Permissible Interest Rate (MPIR)

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%.

Schedule of Fees and Charges for Residential and Home Care from 20 September 2018 (.pdf)

Schedule of Fees and Charges for Pre 1 July 2014 Residents from 20 September 2018 (.pdf)

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:

Schedule of subsidies and supplements from 20 September 2018 (.pdf)

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Management Advantage Pty Ltd
Suite 2, 430 Rae Street
Fitzroy North
VIC 3068
1300 62 62 32


1300 62 62 32