Published: August 21, 2019
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Take #2: Base interest rate (BIR) changes

So the Department may have finally notified us last week that the BIR rate had changed and was to be backdated… but they got it wrong!

As per their previous notice, the BIR was to be backdated to 1 July, now they are saying this should have only been 1 August.

The BIR should be:

3.75% for the period 1 July 2019 to 31 July 2019, and
3.0% from 1 August 2019.

We have a very minor update available due to the Department’s mistake with the change of the BIR rate, and version 5.7.08210.0 has now been pushed out to your server to be run when you are ready.

Read more:

Base interest rate changes

Schedule of Fees and Charges for Residential and Home Care From 1 July 2019 (.pdf)

Schedule of Fees and Charges for Pre 1 July 2014 Residents from 1 July 2019 (.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