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Balance Aged Care Specialists

Periodical Payment

Pre July 2014 residents only

The Periodical Payment is one of the ways in which you could pay for your Accommodation bond in a Hostel or Extra Service facility, i.e. you could pay a Lump Sum OR a Periodical Payment, which is determined by multiplying the Lump Sum bond by the applicable MPIR at the time of entry into care. This amount would also remain static (i.e. it is not indexed one you are a permanent resident.

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