ACFI Monitoring Group 2013-14

Summary of October 2013 Data

Growth in 2012-13 of 3.8% over 2011-12 was slightly higher than the projection of 3.5%. Given the declining trend in annual growth rates since the changes to the ACFI were introduced on 1 July 2012, growth in 2013-14 over 2012-13 is estimated to be 3.2% above indexation.

Average subsidies (including indexation) for the period for July 2013 to October 2013 was $140.69 compared to a budget of $140.96. Average daily ACFI subsidies recorded a real growth of 2.71% over the same period in 2012-13. This growth rate is tracking with post-measures projections aimed at achieving a real growth of 3.2% in 2013-14 over 2012-13.

The average daily subsidy per resident for July 2013 to October 2013was approximately $2.99 below what it would have been if the changes had not been introduced:

  • approximately $2.26 of this reduction in growth came from a one off 1.6% price reduction introduced on 1 July 2012;
  • approximately $0.23 of the reduction in growth came from the changes to the Activities of Daily Living domain which had impacted 0.59% of resident days;
  • approximately $0.49 of the reduction in growth came from the change to the Complex Health Care domain which had impacted 1.71% of resident days; and
  • approximately 0.03% of resident days were affected by both reclassification measures to the Activities of Daily Living and the Complex Health Care domains.

Table 1: Cumulative Average Daily ACFI Subsidies by State/Territory

State/Territory / July 2012 - October 2012 / July 2013 - October 2013 / Nominal Growth Over Same Period Previous Year / Real Growth Over Same Period Previous Year
Actual National / $134.69 / $140.69 / 4.45% / 2.71%
NSW / $132.77 / $136.54 / 2.84% / 1.12%
ACT / $129.15 / $136.16 / 5.42% / 3.66%
NT / $134.68 / $142.37 / 5.71% / 3.94%
QLD / $132.71 / $139.55 / 5.16% / 3.40%
SA / $142.05 / $146.98 / 3.47% / 1.74%
TAS / $134.10 / $140.73 / 4.95% / 3.19%
VIC / $136.04 / $143.11 / 5.20% / 3.44%
WA / $134.72 / $145.69 / 8.14% / 6.33%

Note: For the purposes of the Monitoring Group, the average daily subsidy per resident is calculated based on ACFI appraisal data and includes the Conditional Adjustment Payment. It does not take account of Resident Classification Scale saved rates or other non-typical rates.

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ACFI Monitoring Group: Agenda paper - Meeting Outcomes