NZVASS   
New Zealand Federation of Vocational and Support Service Inc.

Asset Testing of Older People to be Removed
21 April 2003
by Tess Casey

The government has announced that it will progressively remove asset testing of older people in long-term residential care from ...




1 July 2005.  The new policy will apply to all new admissions and to people already in care who are not currently eligible for a residential care subsidy.  Around 5 600 additional people are expected to receive the subsidy from 1 July 2005, taking to 70% the proportion in care who receive the subsidy.  The policy is expected to cost $103 million in 2005/06, rising to $163 million in 2010 and $345 million in 2020.  Legislation to remove asset testing will be introduced later this year.  Public submissions will be called for at that time.






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