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
204 Subsection 308(2)
Repeal the subsection, substitute:
Rate of retention
(2) A retention amount is to be calculated at a rate of 2 per cent per annum:
(a) on a daily basis; and
(b) applied to the refundable deposit balance each day.
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