Document ID: chunk:federal_register_of_legislation:F2024C00838:reg:4:p1
Version: federal_register_of_legislation:F2024C00838
Segment Type: reg
Provision Reference: reg 4 (pt 1/3)
Character Range: 7689–10440

4  Definitions
  In these principles:
Act means the Aged Care Act 1997.
aged care financial report, for a financial year for an approved provider, has the same meaning as in the Accountability Principles 2014.
annual prudential compliance statement, for a financial year for an approved provider, means the statement required by section 51.
approval day, for a Pricing Authority approved amount, means the later of:
 (a) 1 July 2014; and
 (b) the day on which the approval of the amount takes effect.
approval year, for a Pricing Authority approved amount, means the period of 1 year beginning on:
 (a) the approval day for the Pricing Authority approved amount; or
 (b) any later anniversary of that day.
base interest rate means a rate that:
 (a) is the sum of the below threshold rate and 2%, expressed as a percentage; and
 (b) takes effect on the first day of the month following the day when the below threshold rate is determined.
below threshold rate means the below threshold rate determined under subsection 1082(1) of the Social Security Act 1991.
entry day, for a person who is being provided with residential care through a residential care service or an eligible flexible care service, means:
 (a) the day when the person starts to be provided with care through the service; or
 (b) if the person is transferred from respite care to permanent accommodation—the day of the transfer.
essential expenses has the meaning given by section 39.
financial hardship determination, in relation to a person, means a determination made in relation to the person under subsection 52K‑1(1) of the Act.
financial year:
 (a) for an approved provider of a residential care service, means:
 (i) a period of 12 months commencing on 1 July; or
 (ii) if another period of 12 months has been determined by the Secretary for the approved provider under section 32 of the Accountability Principles 2014—that other period; or
 (b) for an approved provider of an eligible flexible care service, means:
 (i) a period of 12 months commencing on 1 July; or
 (ii) if another period of 12 months has been determined by the Secretary for the approved provider under section 59 of these principles—that other period.
index number, for a quarter, means the All Groups Consumer Price Index number, being the weighted average of the 8 capital cities, published by the Australian Statistician in respect of that quarter.
maximum permissible interest rate, for a day, means the maximum permissible interest rate for that day worked out in accordance with the calculator in section 6.
Minister's maximum accommodation payment amount means the maximum amount of accommodation payment determined by the Minister under section 52G‑3 of the Act.
multi‑purpose service has the same