From July 1st 2023, new an acc aged care funding rates and subsidies will come into effect. We've summarised the key changes below, and provided some downloadable comparison tables to help you understand the differences at a glance.
The Headlines
Base price adjustment
New price: $243.10 per NWAU
Net increase: $26.30 or 12.13%
-$10 (-4.6%) due to the removal of the Basic Daily Fee Supplement
+$22.76 (+10.5%) for the Fair Work Commission interim wage increase
+$13.54 (+6.2%) for superannuation guarantee increase, inflation and other wage adjustments
New hotelling supplement
Price: $10.80 per bed per day
$10 from the former Basic Daily Fee Supplement
$0.44 for superannuation guarantee increase, inflation and other wage adjustments
$0.36 for the Fair Work Commission interim wage increase
Essentially, this is the former Basic Daily Fee Supplement paid per bed per day.
24/7 Registered Nurse supplement
New price: As outlined in the table below
Funding basis: per service
Effective from: 1 July 2023
Only applicable to service averaging less than 61 residents per day
Leave liabilities provisions grant
Funding: $98.7M over 4 years
Type: One-off
Release timeframe: 2nd half of 2023
Intended to support providers meet historical leave liabilities e.g. annual leave, personal leave and long service leave.
AN-ACC Transition Fund
Funding: $6M for 2023-2024 financial year.
Type: Ongoing
Release timeframe: 1 July 2023 to 30 June 2024
Intended to support providers with specific characteristics that do not fit into the profile of the current BCT categories.
Purpose
According to the Health Department, these changes are designed to help providers attract and retain staff, and to prepare the residential aged care sector for:
the introduction of 24/7 registered nurse responsibility from 1 July 2023, and
mandatory care minutes from 1 October 2023.
What to do
Providers must
Pass on the funding for wage increase to care workers
Report correctly in the quarterly financial report and Aged Care Financial Report
We also recommend that providers
Monitor the Health Department website for more information and to access comprehensive resources.
Watch out for an invitation from the Health Department to apply for the Transition Fund.
Subscribe to the Government Grants website to receive notifications when applicable grants are released
Download our comparison tables below for a quick and easy overview of the changes.