Category: Technical Library

Pre-2014 Reforms

Prior to 1 July 2014 Residential Aged Care was categorised into three types; Low Care, High Care and Extra Services. A different financial arrangement applied to each and while some facilities offered only one type of care others had more than one — and perhaps all 3 — in the same facility.

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Couples Entering Care

When a couple is entering into Residential Aged Care consideration needs to be given to the timing of their move and the impact this can have on their means assessment.

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Bond In Trust

An insurance or investment bond is an investment which has features similar to a managed fund in terms of an investment whilst also being a life insurance policy. Centrelink assess financial assets held in a Trust structure differently to those held in a client’s own name.

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Category: Technical Library

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