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 2011, amend the Social Security (Long-term Residential Care) Regulations 2005 (the principal regulations) by increasing the amounts that are allowed to be gifted under regulations 9 and 9A of the principal regulations during a gifting period without affecting the financial means assessment under section 146 of the Social Security Act 1964.
These adjustments are made because a Cabinet decision in 2004 was taken that the allowable gifting level be reviewed annually for adjustment in line with the New Zealand Consumers Price Index, and that the adjustments occur in $500 increments.
Date of notification in Gazette: 26 May 2011.
These regulations are administered by the Ministry of Social Development.