Document ID: chunk:federal_register_of_legislation:C2025C00143:section:2:p4
Version: federal_register_of_legislation:C2025C00143
Segment Type: section
Provision Reference: s 2 (pt 4/9)
Character Range: 143216–146133

the income the approved provider could be expected to have derived, through investing the *accommodation bond balance, during:
 (a) the whole of the month in which the care recipient *entered the residential care service or flexible care service; and
 (b) the 2 following months;
unless the Aged Care (Transitional Provisions) Principles specify that a lesser amount is payable.
Example: If a care recipient *entered a residential care service on 20 January and left on 3 March, the amount would be the amount the approved provider could have been expected to have derived if the care recipient received care for the whole of January, February and March.
 (4) The Aged Care (Transitional Provisions) Principles may specify a method for working out the amounts referred to in subsections (2) and (3).
 (5) The Aged Care (Transitional Provisions) Principles may provide that, in the circumstances specified in the Aged Care (Transitional Provisions) Principles, an approved provider must not retain income derived, from the investment of an *accommodation bond balance, in respect of periods specified in the Aged Care (Transitional Provisions) Principles.
 (6) In this section:
due date means:
 (a) in relation to an *accommodation bond payable by a care recipient for *entry to a residential care service—the day on which the care recipient entered the residential care service; or
 (b) in relation to an accommodation bond payable by a care recipient for entry to a flexible care service—the day on which the care recipient entered the flexible care service.

57‑19  Amounts to be deducted from accommodation bond balance
 (1) An approved provider to whom an *accommodation bond was paid by a care recipient may deduct from the *accommodation bond balance:
 (a) retention amounts in respect of the accommodation bond (see section 57‑20); and
 (b) amounts owed to the approved provider by the care recipient under an *accommodation bond agreement, a *resident agreement or an *extra service agreement; and
 (c) amounts, worked out in accordance with the Aged Care (Transitional Provisions) Principles, representing interest on the amounts referred to in paragraph (b).
 (2) The approved provider must not deduct any other amounts from the *accommodation bond balance.

57‑20  Retention amounts
 (1) A retention amount must not exceed the amount specified in, or worked out in accordance with, the Aged Care (Transitional Provisions) Principles.
 (2) The Aged Care (Transitional Provisions) Principles may provide that, in the circumstances specified in the Aged Care (Transitional Provisions) Principles, an approved provider must not deduct any amounts from an *accommodation bond balance in respect of periods specified in the Aged Care (Transitional Provisions) Principles.
 (3) Subject to subsections (4) and (5), a retention amount may be deducted from an *accommodation bond balance for each month, or part of a