Adjustment to the Residential Care Subsidy as part of the Annual General Adjustment 2020

30 June 2020.

The Cabinet paper seeks Cabinet agreement to the new asset thresholds and income-from-asset exemption for the Residential Care Subsidy, effective 1 July 2020. This represents a routine yearly process whereby asset thresholds and the income-from-assets exemption for the Residential Care Subsidy are increased in line with the percentage increase of the Consumers Price Index.