52C‑4 The standard resident contribution52C‑4 The standard resident contribution

52C‑4 The standard resident contribution

The standard resident contribution for a care recipient is: (a) the amount determined by the Minister by legislative instrument; or (b) if no amount is determined under paragraph (a) for the care recipient—the amount obtained by rounding down to the nearest cent the amount equal to 85% of the *basic age pension amount (worked out on a per day basis).