Basic Daily Fee definition

Basic Daily Fee means the standard resident contribution as that term is defined by the Aged Care Act. It is an amount equal to 85% of the basic age pension unless otherwise determined by the Minister. The Basic Daily Fee is adjusted by the Department in line with changes to the basic age pension;
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Examples of Basic Daily Fee in a sentence

  • If a provider collects a Basic Daily Fee, it is added to the amount of Government subsidy to increase the funds available to the care recipient in their Home Care Package budget.

  • The Basic Daily Fee and income tested care fee are treated differently.The Basic Daily Fee is a non-mandatory fee which a provider can charge a care recipient.

  • If a care recipient pays a Basic Daily Fee, the provider will reduce this from the price they report to Services Australia.A care recipient should contribute an income tested care fee if they have been assessed as needing to pay it.

  • If the provider has not collected a Basic Daily Fee they should not deduct this from the price they report to Service Australia.

  • Please note, Services Australia refers to the price as the invoice amount.The definition of price is the cost of care and services provided to the care recipient in the claim period, minus any Basic Daily Fee or other care fees charged (not including the income tested care fee).

  • Basic Daily Fee $56.87 per day plus Means Tested Care Fees (if any) T.B.A plus Compensation Payment Fee (if any) T.B.A minus Hardship Supplement amount (if any) T.B.A plus Remote Area Amount or Unfunded Place Amount T.B.A Total Care Fees Starting daily amount will be: $56.87 per day You may be offered Additional Services in addition to the Specified Care and Services we provide.

  • Every person in residential aged care is required to pay a Basic Daily Fee, which covers all levels of care and assistance.

  • Providers must claim from Services Australia:• the cost of care and services deliveredo minus any Basic Daily Fee if chargedo minus any additional care and services fees if charged.• GST is not included in the price.Providers must not deduct the income tested care fee payable from the price claimed.

  • As such, the Department of Human Services will determine if a resident is required to pay a Means Tested Care Fee in addition to Basic Daily Fee.

  • Please note, Services Australia refers to the price as the invoice amount.The definition of price is the cost of care and services provided to the care recipient in the claim period, minus any Basic Daily Fee and any additional service fees (if collected).

Related to Basic Daily Fee

  • Program Fee is defined in the Fee Letter.

  • Index Fee means 1.0% per annum. The Index Fee is charged each calendar day, beginning as of the Index Start Date. It is calculated on the basis of a 360-day year and the most recently calculated Index Closing Value.

  • Basic Carrying Costs means the sum of the following costs associated with the Property for the relevant Fiscal Year or payment period: (i) Taxes and (ii) Insurance Premiums.

  • Monthly Fee means the total consideration, including but not limited to, equipment or locker rental,

  • Commitment Fee has the meaning specified in Section 2.09(a).

  • Facility Fee has the meaning specified in Section 2.09(a).

  • Utilization Fee shall have the meaning assigned to such term in Section 2.06(b).

  • Fronting Fee shall have the meaning provided in Section 4.1(c).

  • Base Servicing Fee means the fee payable to the Servicer on each Distribution Date for services rendered during the related Collection Period, which shall be equal to one-twelfth of the Servicing Rate multiplied by the Pool Balance as of the close of business on the last day of the immediately preceding Collection Period or, with respect to the first Distribution Date, the Original Pool Balance.

  • Hookup fee means a fee for the installation and inspection of any pipe, line,

  • Annual Fees means the annual fees charged by the Trustee for services provided as the trustee and paying agent under the Indenture.

  • Annual Fee has the meaning stated in Section 4.02(a).

  • Monthly Fees means, collectively, [INSERT FOR HFS: the Monthly Food and Beverage Fee,] the Monthly Program Fee and the Monthly Royalty Fee, each of which is set forth in the Addendum. [INSERT FOR HFS: “Monthly Food and Beverage Fee” means the fee we require from you in Subsection 8.2, which is set forth in the Addendum.]

  • Unused Fee has the meaning specified in Section 2.09(a).

  • Basic Servicing Fee means the fee payable pursuant to Section 3.09 to the Servicer on each Payment Date for services rendered during the related Collection Period, which shall be equal to one-twelfth of the Servicing Fee Rate multiplied by the Pool Balance as of the first day of the related Collection Period or, with respect to the first Payment Date, the Original Pool Balance.

  • Trust Reimbursement Amount As defined in Section 3.06A(a) of this Agreement.

  • Unused Fees has the meaning assigned to such term in the Lender Fee Letter.

  • Marketing Fee means the fees paid by Home Credit to Dealer/Provider to support the use of Home Credit’s Product;

  • Facility Fees has the meaning provided in Section 2.11(a).

  • Booking Fee is the fee an Agency charges for scheduling Sign Language Interpreters.

  • Applicable Fee means, for any day, with respect to any Commitment, the applicable percentage set forth in Annex I under the caption “Applicable Fee”.

  • Basic Rate means the applicable basic minimum wage rate prevailing on the date 28 days prior to the latest date for submission of Tenders, by reason of any National or State Statute or Ordinance.

  • Remarketing Fee has the meaning specified in Section 5.4(b)(i).

  • Compounded Daily €STR means, with respect to any Interest Period, the rate of return of a daily compound interest investment (with the daily euro short-term rate as reference rate for the calculation of interest) as calculated by the Calculation Agent as at the relevant Interest Determination Date in accordance with the following formula (and the resulting percentage will be rounded if necessary to the nearest fifth decimal place, with 0.000005 being rounded upwards):

  • Required Daily Deposit Target Finance Charge Amount means, for any day in a Due Period, an amount equal to the Class A Tranche Interest Allocation for the related Distribution Date; provided, however, that for purposes of determining the Required Daily Deposit Target Finance Charge Amount on any day on which the Class A Tranche Interest Allocation cannot be determined because the LIBOR Determination Date for the applicable Interest Accrual Period has not yet occurred, the Required Daily Deposit Target Finance Charge Amount shall be the Class A Tranche Interest Allocation determined based on a pro forma calculation made on the assumption that LIBOR will be LIBOR for the applicable period determined on the first day of such calendar month, multiplied by 1.25.

  • Initial Fee means any applicable one-off initial or installation fee, as may be stated in an Order;