Document ID: chunk:federal_register_of_legislation:C2024A00104:section:294:p2
Version: federal_register_of_legislation:C2024A00104
Segment Type: section
Provision Reference: s 294 (pt 2/3)
Character Range: 470469–473576

less than the published accommodation payment amount applicable to the part of the approved residential care home where the individual's bed is located; and
 (ii) expressed as a refundable accommodation deposit amount; and
 (iii) expressed as a daily accommodation payment amount worked out in accordance with a method prescribed by the rules;
 (c) the amount of refundable accommodation deposit that would be payable if no daily accommodation payments were paid;
 (d) the method prescribed by the rules for working out amounts that would be payable as a combination of refundable accommodation deposit and daily accommodation payments;
 (e) that, if the individual pays a combination of daily payments and refundable accommodation deposit, the registered provider must, at the individual's request, deduct daily accommodation payments for the individual from the refundable deposit balance;
 (f) that, if the individual pays a refundable accommodation deposit, the registered provider may require the individual to maintain the agreed accommodation payment amount if the refundable accommodation deposit is reduced;
 (g) that, if the individual is required to maintain the agreed accommodation payment amount because the refundable accommodation deposit has been reduced, the individual may do so by:
 (i) paying daily accommodation payments or increased daily accommodation payments; or
 (ii) topping up the refundable accommodation deposit; or
 (iii) a combination of both;
 (h) that, if the individual pays a refundable accommodation deposit, the individual may choose to top up the refundable accommodation deposit up to the agreed accommodation payment amount;
 (i) that daily accommodation payments are subject to indexation in accordance with the rules.
Note 1: See section 296 for requirements registered providers are subject to in relation to the charging of an accommodation payment.
Note 2: Daily accommodation payments are subject to indexation in accordance with the rules.
 (3) The accommodation agreement must set out the following in relation to an accommodation contribution:
 (a) that the amount of daily accommodation contribution for a day will not exceed the amount assessed for the individual based on the individual's daily means tested amount;
 (b) that the amount of accommodation contribution payable will vary from time to time depending on:
 (i) the accommodation supplement applicable to the individual; and
 (ii) the individual's daily means tested amount;
 (c) the method prescribed by the rules for working out amounts that would be payable by:
 (i) refundable accommodation contribution; or
 (ii) a combination of refundable accommodation contribution and daily accommodation contributions;
 (d) that, if the individual pays a combination of daily payments and a refundable accommodation contribution, the registered provider must, at the individual's request, deduct daily accommodation contributions for the individual from the refundable deposit balance;
 (e) that, if the individual pays a refundable accommodation contribution, the registered provider may require the