106Determination of perpetual care trust percentage

106 Determination of perpetual care trust percentage (1) The Minister must, for a facility for which a perpetual care trust is established, determine the percentage (the perpetual care trust percentage) of each licensee receipt for the facility that is to be paid into the perpetual care trust for the facility. (2) The perpetual care trust percentage must be the percentage the Minister considers necessary to ensure there are sufficient funds in the perpetual care trust to adequately maintain the facility. (3) The Minister must, at least once every 5 years, review the perpetual care trust percentage for the facility. (4) A determination under subsection (1) is a notifiable instrument.