The Department has released the new ‘Schedule of Fees and Charges for Residential and Home Care’ for 01 JAN 2024.
The key rates are:
Maximum Permissible Interest Rate (MPIR)
• 1 January 2024 – 31 March 2024: 8.38%
Base Interest Rate (BIR)
• 1 January 2024 – 31 March 2024: 2.25%
Read more:
Schedule of Fees and Charges for Residential and Home Care – from 1 January 2024 (.pdf)
Base interest rate (BIR) and maximum permissible interest rate (MPIR) for residential aged care (.pdf)