Aged Care and Other Legislation Amendment Act 2025 (45 of 2025)

Schedule 1   Amendment of the Aged Care Act 2024

Part 1   Amendments commencing immediately after the commencement of the Aged Care Act 2024

Aged Care Act 2024

124   At the end of section 226B

Add:

(4) The provider must return the available balance of the unspent Commonwealth portion for the individual to the Commonwealth:

(a) within the period prescribed by the rules after the day the notice of the election is given to the System Governor; and

(b) in accordance with any other requirements prescribed by the rules.

Note: If the available balance is not returned to the Commonwealth in accordance with this section, it may be a recoverable amount: see subsection 514(3).