Correction - Refundable Deposit Balance and Accommodation Bond Balance Refund Interest Rates

Page last updated: 02 October 2014

Dear Aged Care Stakeholder

This notice is to confirm that the Maximum Permissible Interest Rate (MPIR) applying from 1 October 2014 is 6.63%, as stated in the communication issued yesterday.

There was an error in yesterday's communication when it referred to the previous MPIR.  The MPIR was previously 6.69%.

Current and past interest rates are available.

If you have any queries, please contact My Aged Care on 1800 200 422.

Kind regards

Ageing and Aged Care Stream
Department of Social Services