Commonwealth Consolidated Acts

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AGED CARE ACT 1997 - SECT 74.1

The amount of a residential care grant

             (1)  The amount of a * residential care grant is the amount specified in, or worked out in accordance with, the Grant Principles.

             (2)  However, the amount of a grant to an approved provider must not exceed the difference between:

                     (a)  the * capital works costs of the project in respect of which the grant is payable; and

                     (b)  the sum of the money (if any) spent, and the money presently available for expenditure, by the approved provider towards the capital works costs of the project.



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