Document ID: chunk:federal_register_of_legislation:F2025C00076:reg:79
Version: federal_register_of_legislation:F2025C00076
Segment Type: reg
Provision Reference: reg 79
Character Range: 105253–105773

79  Periodic payments
 (1) This section applies if the care recipient elects to pay the accommodation bond in whole or in part by periodic payments.
 (2) The accommodation bond agreement must state:
 (a) the amount of the lump sum equivalent; and
 (b) the amount and frequency of the periodic payments; and
 (c) the components of each periodic payment representing:
 (i) retention; and
 (ii) interest; and
 (d) that the care recipient may, at any time, pay as a lump sum the whole or a part of the lump sum equivalent.