Residential Care and Disability Support Services Amendment Regulations (No 2) 2024
2024/79
Residential Care and Disability Support Services Amendment Regulations (No 2) 2024
Cindy Kiro, Governor-General
Order in Council
At Wellington this 27th day of May 2024
Present:
Her Excellency the Governor-General in Council
These regulations are made under section 74(1)(e) of the Residential Care and Disability Support Services Act 2018 on the advice and with the consent of the Executive Council.
Regulations
1 Title
These regulations are the Residential Care and Disability Support Services Amendment Regulations (No 2) 2024.
2 Commencement
These regulations come into force on 1 July 2024.
3 Principal regulations
These regulations amend the Residential Care and Disability Support Services Regulations 2018.
4 Regulation 10 amended (Allowable gifts)
In regulation 10(1)(b)(i), replace “$7,500”
with “$8,000”
.
5 Regulation 11 amended (Gift in recognition of care)
(1)
In regulation 11(1), replace “$37,500”
with “$40,000”
.
(2)
In regulation 11(2)(d), replace “$7,500”
with “$8,000”
.
(3)
In regulation 11(2)(e), replace “$37,500”
with “$40,000”
.
Nicola Purvis,
Acting Clerk of the Executive Council.
Explanatory note
This note is not part of the regulations but is intended to indicate their general effect.
These regulations, which come into force on 1 July 2024, are made under the Residential Care and Disability Support Services Act 2018 and amend the Residential Care and Disability Support Services Regulations 2018 (the principal regulations).
Regulations 4 and 5 amend the principal regulations to increase the amounts that are allowed to be gifted under regulations 10 and 11 of the principal regulations during a gifting period without affecting an assets assessment conducted under section 34 of the Residential Care and Disability Support Services Act 2018.
Increases are being made this year because of a 2004 Cabinet decision that the allowable gifting levels be reviewed annually for adjustment in line with the New Zealand Consumers Price Index (All Groups) (the CPI), and that adjustments be rounded down to occur in $500 increments when the growth in the CPI is $500 or more (the rounding rule). Subsequent adjustments are based on the figure prior to the application of the rounding rule.
This year, the change in the CPI since the last $500 increment is enough to trigger adjustments to—
the gifting amount, from $7,500 to $8,000; and
the threshold for allowable gifts during the gifting period (which is based on 5 years of the gifting amount) from $37,500 to $40,000.
Date of notification in Gazette: 30 May 2024.
These regulations are administered by the Ministry of Social Development.