The Maximum Permissible Interest Rate (MPIR) applicable to ‘refund periods’ for refundable deposit balances and accommodation bond balances and for accommodation prices will increase from 6.22% to 6.28% for the period of 1 April to 30 June 2016.
The Base Interest Rate remains unchanged at 3.75%.
Read more:
Refundable Deposit Balance and Accommodation Bond Balance Refund Interest Rates
The Maximum Basic Daily Fee for Residential Care from 20th March 2016 is now: $48.25.
For pre 1 July 2014 residents the Protected, Phased and Non-Standard rates have also changed (see .pdf below)
The complete list of updated DSS Schedule of Fees and Charges can be found below:
Schedule of Fees and Charges for Residential and Home Care: from 20 March 2016 (.pdf)
Schedule of Fees and Charges for Pre 1 July 2014 Residents: from 20 March 2016 (.pdf)
Media Release: 18 March 2016
Thousands of Australians will benefit from a substantial increase in funding for aged care services, with the Australian Government announcing 17,385 new aged care places worth an estimated $910 million.
Announcing the results of the 2015 Aged Care Approvals Round (ACAR) and new arrangements for the 2016 ACAR, Minister for Aged Care Sussan Ley said the additional funding would benefit thousands of older Australians.
Of the 17,385 new places, 10,940 include new residential places worth an estimated $678.3 million and 6,445 new home care places, worth an estimated $232.4 million.
“These new home care places help our elderly remain in their own home and receive the care they need, which is particularly important for anyone with high-level needs,” Ms Ley said.
Read more:
$910 million boost creates over 17,000 new aged care places (.pdf)
A total of 17,385 new aged care places (10,940 residential aged care places and 6,445 home care places) were allocated across Australia in the 2015 Aged Care Approvals Round (ACAR). These new places have an estimated annual recurrent funding value of over $910 million.
In addition, $67 million in capital grants has been allocated nationwide to help aged care providers to establish new services or upgrade existing facilities.
Read more:
The Australian Aged Care Quality Agency has released the March 2016 issue of their ‘Quality Standard’ newsletter.
Read more:
The Department of Health has released a new edition of its ‘Information for Aged Care Providers’ newsletter.
From all the staff at Management Advantage we would like to wish you a safe and Happy Easter.
Both the Management Advantage Office and Manad Plus Help Desk will be closed
Good Friday (Fri 25th March).
The Manad Plus Help Desk will be open
Easter Monday (Mon 28th March), and this coming
Labour Day – VIC & TAS (Mon 14th March).
The latest edition of the Residential Aged Care Communiqué is now available.
The Residential Aged Care Communiqué (RAC Communiqué) is an electronic publication containing narrative case reports about lessons learned from the Coroners’ investigations into preventable deaths in Residential Aged Care facilities.
Read more:
Residential Aged Care Communiqué – Volume 11, Issue 1, February 2016 (.pdf)
The Australian Aged Care Quality Agency has released the February 2016 issue of their ‘Quality Standard’ newsletter.
Read more:
The Department of Health has released a new edition of its ‘Information for Aged Care Providers’ newsletter.
Management Advantage Pty Ltd
Suite 2, 430 Rae Street
Fitzroy North
VIC 3068
1300 62 62 32
info@manad.com.au