New MPIR since 1 January 2015

14 Jan 2015

The Maximum Permissible Interest Rate (MPIR) applicable to refundable accommodation deposits and accommodation bonds in residential aged care increased from 6.63% to 6.75% for the period of 1 January 2015 to 31 March 2015.

The Base Interest Rate remains unchanged at 4%.

Next time you log into Simply Legal your resident agreements will reflect the new MPIR. If you do not use Simply Legal then you will need to update your resident agreements.