Document ID: chunk:federal_register_of_legislation:F2024C00838:reg:62
Version: federal_register_of_legislation:F2024C00838
Segment Type: reg
Provision Reference: reg 62
Character Range: 100360–101586

62  Use for capital expenditure
  For paragraph 52N‑1(2)(a) of the Act, a refundable deposit or an accommodation bond is permitted to be used for any of the following kinds of capital expenditure (being expenditure that is reasonable in the circumstances):
 (a) expenditure to acquire land on which are, or are to be built, the premises needed for providing residential care or flexible care, but only to the extent that the expenditure relates to those premises;
 (b) expenditure to acquire, erect, extend or significantly alter premises used or proposed to be used for providing residential care or flexible care, but only to the extent that the expenditure relates to the provision of that residential care or flexible care;
 (c) expenditure to acquire or install furniture, fittings or equipment for premises used or proposed to be used for providing residential care or flexible care, when those premises are initially erected or following an extension, a significant alteration or a significant refurbishment, but only to the extent that the expenditure relates to the provision of that residential care or flexible care;
 (d) expenditure that is directly connected to expenditure covered by paragraph (a), (b) or (c).