Exposure Draft Fees and Payments Principles 2014 ( No.2)

Exposure Draft Fees and Payments Principles 2014 ( No.2)

The Exposure Draft Fees and Payments Principles 2014 >>   has been released. Comments were due in to the Department by 2 June 2014.  There is also an  Addendum to the Overview: Draft Fees and Payments Principles 2014 (No.2)>> 

This addendum summarises the content of the proposed Fees and Payments Principles 2014 (No. 2) that will take effect from1 July 2014.  This document covers: Resident fees and home care fees; accommodation payments and contributions; prudential standards; permitted uses of refundable deposits and accommodation bonds; refunds of refundable accommodation deposit balances – accommodation bond balances and entry contributions; and continuing care recipients exercising a choice to be covered by Chapters 3 and 3A of the Aged Care Act 199.

Providers who operate unfunded beds should be aware that Part 2 of the draft Principles includes provisions relating to resident fees for care recipients in unfunded places.  The Principles also discuss provisions relating to resident fees for services in remote areas.

Part 3 of the draft Principles include provisions relating to refund of overpaid home care fees. This is a new provision, which is necessary as a result of the new fee arrangements in home care, which take effect from1 July 2014. In relation to new admissions after 1 July 2014, the Principles describe the rules relating to accommodation payments and contributions.

Leave a Reply

Your email address will not be published. Required fields are marked *