52J‑5 Person must be left with minimum a52J‑5 Person must be left with minimum assets

#### 52J‑5 Person must be left with minimum assets (1) An approved provider must not accept payment of an amount of \*refundable deposit from a person if: (a) the person provides sufficient information to allow the person’s \*means tested amount to be worked out; and (b) the person pays, or commits to paying, the amount within 28 days after entering the service; and (c) payment of the amount would leave the value of the person’s remaining assets at less than the \*minimum permissible asset value. (2) The minimum permissible asset value is: (a) the amount obtained by rounding to the nearest $500.00 (rounding $250.00 upwards) the amount equal to 2.25 times the \*basic age pension amount at the time the person \*enters the residential care service or flexible care service; or (b) such higher amount as is specified in, or worked out in accordance with, the Fees and Payments Principles. (3) The value of a person’s assets is to be worked out: (a) in the same way as it would be worked out under section 44‑26A for the purposes of section 44‑22; but (b) disregarding subsection 44‑26A(7).