Amount of provider‑based subsidy
202 Amount of provider‑based subsidy
The amount of provider‑based subsidy a registered provider is eligible for under section 201 for the delivery of an ongoing funded aged care service to an individual on a day is worked out as follows:
Method statement
Step 1. Work out the following:
if the subsidy basis for the service is efficient price or unit price—multiply the price charged by the provider to the individual for an hour or unit of the service (whichever is applicable) by the number of hours or units of the service delivered to the individual on the day;
if the subsidy basis for the service is cost—the cost.
Step 2. Reduce the amount worked out under Step 1 by the sum of any reduction amounts for the classification type for the service group that apply to the individual. This is the provisional subsidy amount.
The result is the amount of provider‑based subsidy for which the registered provider is eligible for the individual for the service for the day.
This Act’s bill:Explanatory memorandumSecond reading speech
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