Document ID: chunk:federal_register_of_legislation:F2025C00071:reg:7
Version: federal_register_of_legislation:F2025C00071
Segment Type: reg
Provision Reference: reg 7
Character Range: 26596–27485

7  Meaning of refurbishment cost in relation to residential care service
 (1) The refurbishment cost in relation to a residential care service is the total cost of the refurbishment, or the proposed refurbishment, of the service unless subsection (2) applies in relation to the refurbishment.
 (2) If:
 (a) the refurbishment, or the proposed refurbishment, includes fire safety improvements; and
 (b) the cost of those improvements is more than 25% of the minimum monetary spend amount in relation to the service;
then the refurbishment cost in relation to the service is the amount worked out using the following formula:
where:
A is the total cost of the refurbishment.
B is the cost of the fire safety improvements.
C is the amount that is 25% of the minimum monetary spend amount in relation to the service.

Chapter 2—Residential care subsidy

Part 1A—Meaning of residential care