A person who has been means assessed as to assets may apply for a loan under the residential care loan scheme operated by the Ministry of Health if—
(a) the person's assets are above the applicable asset threshold; and
(b) the person meets the criteria for eligibility for the residential care loan scheme as notified by the Director-General of Health in the Gazette.
Section 153: inserted, on 1 July 2005, by section 5 of the Social Security (Long-term Residential Care) Amendment Act 2004 (2004 No 101).