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Wednesday, 13 March 2013
Page: 1842

Mr BUTLER (Port AdelaideMinister for Mental Health and Ageing, Minister for Housing and Homelessness, Minister for Social Inclusion and Minister Assisting the Prime Minister on Mental Health Reform) (09:28): I move:

That this bill be now read a second time.

Today I am delighted to introduce the Aged Care (Bond Security) Amendment Bill 2013, which contributes to this government's commitment to aged care, a commitment described in the Living Longer Living Better aged care reform package that provides a 10-year plan for building a new aged care system, a system for a 21st century Australia.

This bill amends the existing Aged Care (Bond Security) Act 2006 to:

change the name of the act to the Aged Care (Accommodation Payment Security) Act 2006; and

extend the existing Accommodation Bond Guarantee Scheme for bond balances to refundable accommodation deposits and refundable accommodation contributions, which will be new types of lump sum accommodation payments from 1 July 2014. This ensures protection for all lump sum payments made by care recipients, regardless of whether the lump sum payment was made before or after 1 July 2014.

I commend the bill to the House.

Debate adjourned.