Document ID: chunk:federal_register_of_legislation:F2025C00076:reg:75
Version: federal_register_of_legislation:F2025C00076
Segment Type: reg
Provision Reference: reg 75
Character Range: 102052–103154

75  Payment of accommodation bond before refund of pre‑allocation lump sum
 (1) If the Secretary imposes a condition, under section 14‑5 of the Aged Care Act 1997, on an allocation to a person of places within a residential care service (the effect of which is that the person must refund any pre‑allocation lump sums within a time specified in the condition) and a care recipient has paid a pre‑allocation lump sum for care within that residential care service, an accommodation bond must not be charged until:
 (a) the pre‑allocation lump sum has been refunded to the care recipient; and
 (b) the approved provider has complied with the rules in section 57‑2 of the Transitional Provisions Act.
 (2) If an approved provider first complies with the rules in section 57‑2 of the Transitional Provisions Act after the time specified in the condition for the refund of the pre‑allocation lump sum, the care recipient must not be required to pay an accommodation bond earlier than 21 days after the approved provider first complied with those rules.

Division 2—Contents of accommodation bond agreements