2010-2011-2012-2013 

 

The Parliament of the 

Commonwealth of Australia 

 

HOUSE OF REPRESENTATIVES 

 

 

 

 

Presented and read a first time 

 

 

 

 

 

 

 

 

 

Aged Care (Bond Security) Amendment 

Bill 2013 

 

No.      , 2013 

 

(Health and Ageing) 

 

 

 

A Bill for an Act to amend the Aged Care (Bond 

Security) Act 2006, and for related purposes 

   

   

 

 

i       Aged Care (Bond Security) Amendment Bill 2013       No.      , 2013 

Contents 

1 

Short title ........................................................................................... 1

 

2 

Commencement ................................................................................. 1

 

3 

Schedule(s) ........................................................................................ 1

 

Schedule 1--Amendments

 

3

 

Aged Care (Bond Security) Act 2006

 

3

 

 

 

Aged Care (Bond Security) Amendment Bill 2013       No.      , 2013       1 

A Bill for an Act to amend the Aged Care (Bond 

1 

Security) Act 2006, and for related purposes 

2 

The Parliament of Australia enacts: 

3 

1  Short title 

4 

 

  This Act may be cited as the Aged Care (Bond Security) 

5 

Amendment Act 2013. 

6 

2  Commencement 

7 

 

  This Act commences on 1 July 2014. 

8 

3  Schedule(s) 

9 

 

  Each Act that is specified in a Schedule to this Act is amended or 

10 

repealed as set out in the applicable items in the Schedule 

11 

   

   

 

 

2            Aged Care (Bond Security) Amendment Bill 2013       No.      , 2013 

concerned, and any other item in a Schedule to this Act has effect 

1 

according to its terms. 

2 

Amendments  Schedule 1 

   

 

 

Aged Care (Bond Security) Amendment Bill 2013       No.      , 2013            3 

Schedule 1

--

Amendments 

1 

   

2 

Aged Care (Bond Security) Act 2006 

3 

1  Title 

4 

Omit "bond", substitute "accommodation payment". 

5 

2  Section 1 

6 

Omit "Bond", substitute "Accommodation Payment". 

7 

Note: 

This item amends the short title of the Act. If another amendment of the Act is 

8 

described by reference to the Act's previous short title, that other amendment has effect 

9 

after the commencement of this item as an amendment of the Act under its amended 

10 

short title (see section 10 of the Acts Interpretation Act 1901). 

11 

3  Section 3 

12 

Omit "a bond", substitute "an accommodation payment". 

13 

4  Section 3 

14 

Omit "Bond", substitute "Accommodation Payment". 

15 

5  Subsection 6(1) 

16 

Insert: 

17 

accommodation bond balance has the meaning given by the 

18 

Dictionary in Schedule 1 to the Aged Care Act 1997. 

19 

accommodation payment balance means: 

20 

 

(a)  a refundable deposit balance; or 

21 

 

(b)  an accommodation bond balance; or 

22 

 

(c)  an entry contribution balance; or 

23 

 

(d)  an unregulated lump sum balance. 

24 

6  Subsection 6(1) (paragraph (i) of the definition of 

25 

administrative costs) 

26 

Omit "Bond", substitute "Accommodation Payment". 

27 

7  Subsection 6(1) (definitions of bond and bond balance) 

28 

Repeal the definitions. 

29 

Schedule 1  Amendments 

   

 

 

4            Aged Care (Bond Security) Amendment Bill 2013       No.      , 2013 

8  Subsection 6(1) 

1 

Insert: 

2 

entry contribution balance has the meaning given by the 

3 

Dictionary in Schedule 1 to the Aged Care Act 1997. 

4 

9  Subsection 6(1) 

5 

Insert: 

6 

outstanding accommodation payment balance has the meaning 

7 

given by subsection (2). 

8 

10  Subsection 6(1) (definition of outstanding bond balance) 

9 

Repeal the definition. 

10 

11  Subsection 6(1) (definition of operator) 

11 

Repeal the definition. 

12 

12  Subsection 6(1) 

13 

Insert: 

14 

refundable deposit balance has the meaning given by the 

15 

Dictionary in Schedule 1 to the Aged Care Act 1997. 

16 

13  Subsection 6(2) (heading) 

17 

Repeal the heading, substitute: 

18 

Outstanding accommodation payment balance 

19 

14  Subsection 6(2) 

20 

Omit "a bond balance is an outstanding bond balance", substitute "an 

21 

accommodation payment balance is an outstanding accommodation 

22 

payment balance". 

23 

15  Paragraph 6(2)(a) 

24 

Omit "bond", substitute "accommodation payment". 

25 

16  After paragraph 6(2)(a) 

26 

Insert: 

27 

Amendments  Schedule 1 

   

 

 

Aged Care (Bond Security) Amendment Bill 2013       No.      , 2013            5 

 

(aa)  in relation to a refundable deposit balance--that time is later 

1 

than the time required for payment of the balance to be 

2 

refunded by the person under Division 52P of the Aged Care 

3 

Act 1997; and 

4 

17  Paragraph 6(2)(b) 

5 

Omit "accommodation bond or entry contribution--that time is later 

6 

than the time required for the bond balance", substitute 

7 

"accommodation bond balance or entry contribution balance--that time 

8 

is later than the time required for the balance". 

9 

18  Subparagraph 6(2)(b)(i) 

10 

Omit "Aged Care Act 1997", substitute "Aged Care (Transitional 

11 

Provisions) Act 1997". 

12 

19  Subparagraph 6(2)(b)(ii) 

13 

Omit "User Rights", substitute "Aged Care (Transitional Provisions)". 

14 

20  Subparagraph 6(2)(b)(ii) 

15 

Omit "Aged Care Act 1997", substitute "Aged Care (Transitional 

16 

Provisions) Act 1997". 

17 

21  Subparagraph 6(2)(b)(iii) 

18 

Omit "bond". 

19 

22  Section 6A 

20 

Repeal the section. 

21 

23  Paragraph 7(1)(b) 

22 

Omit "bond", substitute "accommodation payment". 

23 

24  Paragraph 9(2)(c) 

24 

Omit "bond", substitute "accommodation payment". 

25 

25  Paragraphs 10(1)(b) and 10(2)(c) 

26 

Omit "bond", substitute "accommodation payment". 

27 

26  Paragraph 11(1)(b) 

28 

Omit "bond", substitute "accommodation payment". 

29 

Schedule 1  Amendments 

   

 

 

6            Aged Care (Bond Security) Amendment Bill 2013       No.      , 2013 

27  Subsection 12(1) 

1 

Omit "bond" (wherever occurring), substitute "accommodation 

2 

payment". 

3 

28  Subsection 12(2) 

4 

Omit "bond" (wherever occurring), substitute "accommodation 

5 

payment". 

6 

29  Paragraph 12(2)(c) 

7 

Omit "User Rights", substitute "Fees and Payments". 

8 

30  Paragraph 12(3)(a) 

9 

Omit "a bond", substitute "an accommodation payment". 

10 

31  Subsection 13(1) 

11 

Omit "bond" (wherever occurring), substitute "accommodation 

12 

payment". 

13 

32  Paragraph 13(2)(b) 

14 

Omit "bond", substitute "accommodation payment". 

15 

33  Paragraphs 13A(1)(a) and (b) 

16 

Repeal the paragraphs, substitute: 

17 

 

(a)  a person who is or has been an approved provider (the 

18 

approved provider or former approved provider) refunds 

19 

part of an accommodation payment balance (the initial 

20 

refund); and 

21 

 

(b)  after the initial refund, the Secretary, under 

22 

paragraph 12(2)(b), determines the amount that the Secretary 

23 

considers is equal to the amount of the accommodation 

24 

payment balance that has not been refunded at the time the 

25 

Secretary makes the determination; and 

26 

34  Paragraphs 13A(2)(b) and (3)(b) 

27 

Omit "bond", substitute "accommodation payment". 

28 

35  Paragraphs 19(3)(b) and 22(1)(c) 

29 

Omit "Bond", substitute "Accommodation Payment". 

30 

Amendments  Schedule 1 

   

 

 

Aged Care (Bond Security) Amendment Bill 2013       No.      , 2013            7 

36  Savings

--

insolvency events 

1 

Despite the amendments made by this Schedule, the Aged Care (Bond 

2 

Security) Act 2006, as in force immediately before the commencement 

3 

of this item, continues to apply, after the commencement of this item, in 

4 

relation to insolvency events that occur before the commencement of 

5 

this item. 

6