Document ID: chunk:federal_register_of_legislation:C2024A00104:section:312
Version: federal_register_of_legislation:C2024A00104
Segment Type: section
Provision Reference: s 312
Character Range: 493259–494429

312  Transfer of refundable deposit balance to another registered provider
 (1) This section applies if:
 (a) a refundable deposit was paid by an individual to a registered provider (the outgoing provider) for accommodation in an approved residential care home through which the provider delivers ongoing funded aged care services through the service group residential care to the individual; and
 (b) the outgoing provider ceases to deliver ongoing funded aged care services through the service group residential care in the residential care home; and
 (c) there is continuity of the delivery of those services to the individual through that service group in the same residential care home by another registered provider (the incoming provider).
 (2) The outgoing provider must transfer the refundable deposit balance to the incoming provider in accordance with the rules.
 (3) Without limiting subsection (2), the rules may prescribe the following:
 (a) when refundable deposit balance transfers are to be made;
 (b) the manner in which refundable deposit balances are to be transferred;
 (c) any other matter relating to the transfer of refundable deposit balances.