Financial means assessment quick reference table
Reason for Financial Means Assessment (FMA) | Residential Care and Disability Support Services Act 2018 | Assets or income | Date of Assessment | Legislative reference for effective date | 90 day FMA |
Application | |||||
Original FMA | sections 31-38 | Assets and income | Date application received | section 52(a) | Yes |
Review of FMA | |||||
Re-application after original FMA | section 47(a) | Assets and income | Date application received | section 52(b) | Yes |
Case manager finds or client advises of mistake | section 47(b) | Assets and income | Date of mistaken financial means assessment | section 52(c) | Yes |
Partner enters care | section 47(c)(i) | Assets and income | Date partner enters care | section 52(d) | No |
Partner dies | section 47(c)(ii) | Assets and income | Day after partner dies | section 52(d) | No |
Change in relationship status | section 47(c)(iii) | Assets and income | Date of change in relationship status | section 52(d) | No |
Loan to subsidy | section 48 | Assets and income | Date review initiated | section 52(e) | Yes |
Annual review | section 49(1) section 49(2)(a) | Income only | Date form sent | section 52(f)(iii) | No |
Review of income contribution (use whichever date is to the clients advantage) | section 49(1) section 49(2)(b) | Income only | Date client requested the review or date MSD initiates the review | section 52(f)(ii) section 52(f)(iii) | No |
section 47(a) | Income only | Date form received | section 52(b) | No |
For more information see:
