Federal Register of Legislation
Aged Care (Bond Security) Amendment Act 2013
No. 77, 2013
An Act to amend the Aged Care (Bond Security) Act 2006, and for related purposes
Contents 1 Short title 2 Commencement 3 Schedule(s) Schedule 1—Amendments Aged Care (Bond Security) Act 2006
Aged Care (Bond Security) Amendment Act 2013 No. 77, 2013
An Act to amend the Aged Care (Bond Security) Act 2006, and for related purposes
[Assented to 28 June 2013]
The Parliament of Australia enacts:
1 Short title This Act may be cited as the Aged Care (Bond Security) Amendment Act 2013.
2 Commencement This Act commences on 1 July 2014.
3 Schedule(s) Each Act that is specified in a Schedule to this Act is amended or repealed as set out in the applicable items in the Schedule concerned, and any other item in a Schedule to this Act has effect according to its terms.
Schedule 1—Amendments
Aged Care (Bond Security) Act 2006
1 Title Omit "bond", substitute "accommodation payment".
2 Section 1 Omit "Bond", substitute "Accommodation Payment". Note: This item amends the short title of the Act. If another amendment of the Act is described by reference to the Act's previous short title, that other amendment has effect after the commencement of this item as an amendment of the Act under its amended short title (see section 10 of the Acts Interpretation Act 1901).
3 Section 3 Omit "a bond", substitute "an accommodation payment".
4 Section 3 Omit "Bond", substitute "Accommodation Payment".
5 Subsection 6(1) Insert: accommodation bond balance has the meaning given by the Dictionary in Schedule 1 to the Aged Care Act 1997. accommodation payment balance means: (a) a refundable deposit balance; or (b) an accommodation bond balance; or (c) an entry contribution balance; or (d) an unregulated lump sum balance.
6 Subsection 6(1) (paragraph (i) of the definition of administrative costs) Omit "Bond", substitute "Accommodation Payment".
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