Got Yah. Aged Care., page-5

Could have been a worse outcome except for some watering down thanks to the LNP.

The taskforce wanted annual and lifetime caps done away with looks like they have kept a much larger lifetime cap. They also wanted 3% a year for maximum 5 years of the RAD kept by the facility this is 2% but will no doubt change.

The real big one here is the DAP which is fixed at the rate when you enter care. The rate is variable and seems to be based on movements in RBA rates.

This will now be increased twice a year with inflation.

The trap here though is the rate currently being used is 8.36% so this will keep going up where RBA set rates will eventually come down.