Commonwealth Consolidated Acts

AGED CARE (BOND SECURITY) ACT 2006 - SECT 6A

                   If:

                     (a)  immediately before the commencement of the Aged Care Amendment (2008 Measures No. 2) Act 2008 , a person is an approved provider; and

                     (b)  the person ceases to be an approved provider in respect of an aged care service on the day immediately after the period of 6 months beginning on the commencement of that Act has expired (the transition day ); and

                     (c)  the person ceases to be an approved provider in respect of the service because:

                              (i)  there is no allocation of a place to the person in respect of the service in effect on the transition day; or

                             (ii)  there is no provisional allocation of a place to the person in respect of the service in force on the transition day;

this Act does not apply in relation to any insolvency event that occurs after the period of 12 months beginning on the transition day has expired.