Document ID: chunk:federal_register_of_legislation:C2009A00060:clause:17_13
Version: federal_register_of_legislation:C2009A00060
Segment Type: clause
Provision Reference: sch 17 cl 13
Character Range: 167605–168585

13  Subsection 57‑12(3)
Repeal the subsection, substitute:
 (3) A care recipient's minimum permissible asset value is:
 (a) if the time (the entry time) of the care recipient's *entry to the residential care service or flexible care service is before 20 September 2009:
 (i) the amount obtained by rounding to the nearest $500.00 (rounding $250.00 upwards) an amount equal to 2.5 times the *basic age pension amount at the entry time; or
 (ii) such higher amount as is specified in, or worked out in accordance with, the User Rights Principles; or
 (b) if the time (the entry time) of the care recipient's entry to the residential care service or flexible care service is on or after 20 September 2009:
 (i) the amount obtained by rounding to the nearest $500.00 (rounding $250.00 upwards) an amount equal to 2.25 times the *basic age pension amount at the entry time; or
 (ii) such higher amount as is specified in, or worked out in accordance with, the User Rights Principles.