{
  "api_version": "2.0",
  "url": "https://retirementwealth.com.au/api/v2/figures/mpir.json",
  "schema": "https://retirementwealth.com.au/api/v2/schema/api.json#/$defs/figure_file",
  "docs": "https://retirementwealth.com.au/data/",
  "publisher": "retirementwealth.com.au",
  "scope": "Retirement Wealth provides selected factual information about Australian retirement rules and rates. It does not provide personal or general financial product advice or recommend financial products. Summaries may not cover every condition or exception. Check the linked official sources and obtain advice appropriate to your circumstances before making financial decisions.",
  "figure": {
    "id": "mpir",
    "former_ids": [],
    "label": "Maximum permissible interest rate (MPIR) for aged care accommodation",
    "category": "aged_care",
    "category_label": "Aged care",
    "concept": "aged_care.residential.maximum_permissible_interest_rate",
    "kind": "rate",
    "dimensions": {},
    "value": 8.51,
    "display_value": "8.51% a year",
    "unit": {
      "code": "percent_per_year",
      "plain": "Per cent per year",
      "quantity": "ratio",
      "currency": null,
      "per": "year",
      "per_amount": null,
      "ratio_divisor": 100
    },
    "ratio": 0.0851,
    "effective_from": "2026-10-01",
    "effective_from_basis": "value",
    "validity": {
      "from": "2026-10-01",
      "to": null,
      "basis": "value",
      "status": "in_force"
    },
    "applies_by": {
      "selector": "fixed_at_event",
      "text": "the rate applying to a resident is fixed when they agree a room price or enter care"
    },
    "resets": "1_january_1_april_1_july_1_october",
    "review_dates": [
      "01-01",
      "04-01",
      "07-01",
      "10-01"
    ],
    "source": {
      "title": "Schedule of Fees and Charges for Residential Care",
      "publisher": "Department of Health, Disability and Ageing",
      "url": "https://www.health.gov.au/resources/publications/schedule-of-fees-and-charges-for-residential-care",
      "type": "primary"
    },
    "verification": {
      "status": "verified_primary",
      "checked_on": "2026-10-11"
    },
    "notes": "Used to work out a daily accommodation payment from an agreed room price. The department's schedule from 20 September 2026 gives this rate for 1 October 2026 to 31 December 2026. My Aged Care says the rate is updated quarterly, and that the rate applying to a resident is fixed when they agree a room price or enter care.",
    "conditions": [],
    "exceptions": [],
    "caveats": [],
    "legal_basis": [],
    "derivation": null,
    "related": {
      "same_concept": [],
      "inputs": [],
      "used_by": []
    },
    "upcoming": [],
    "first_published": {
      "release": 8,
      "recorded_at": "2026-10-11T09:38:35Z"
    },
    "last_changed": {
      "release": 12,
      "recorded_at": "2026-10-13T08:24:56Z"
    },
    "cite_as": "Maximum permissible interest rate (MPIR) for aged care accommodation: 8.51% a year, applies from 1 October 2026. Official source: Department of Health, Disability and Ageing, Schedule of Fees and Charges for Residential Care (last checked 11 October 2026). Retirement Wealth, https://retirementwealth.com.au/rules/aged-care/mpir/",
    "links": {
      "self": "https://retirementwealth.com.au/api/v2/figures/mpir.json",
      "page": "https://retirementwealth.com.au/rules/aged-care/mpir/",
      "current_value": "https://retirementwealth.com.au/api/v2/figures/mpir/2026-10-01.json"
    },
    "timeline": [
      {
        "value": 8.51,
        "display_value": "8.51% a year",
        "ratio": 0.0851,
        "effective_from": "2026-10-01",
        "effective_to": null,
        "basis": "value",
        "status": "in_force",
        "source": {
          "title": "Schedule of Fees and Charges for Residential Care",
          "publisher": "Department of Health, Disability and Ageing",
          "url": "https://www.health.gov.au/resources/publications/schedule-of-fees-and-charges-for-residential-care",
          "type": "primary"
        },
        "verification": {
          "status": "verified_primary",
          "checked_on": "2026-10-11"
        },
        "notes": null,
        "url": "https://retirementwealth.com.au/api/v2/figures/mpir/2026-10-01.json"
      },
      {
        "value": 8.43,
        "display_value": "8.43% a year",
        "ratio": 0.0843,
        "effective_from": "2026-07-01",
        "effective_to": "2026-09-30",
        "basis": "value",
        "status": "superseded",
        "source": {
          "title": "Schedule of Fees and Charges for Residential Care",
          "publisher": "Department of Health, Disability and Ageing",
          "url": "https://www.health.gov.au/resources/publications/schedule-of-fees-and-charges-for-residential-care",
          "type": "primary"
        },
        "verification": {
          "status": "verified_primary",
          "checked_on": "2026-10-11"
        },
        "notes": "Listed for 1 July 2026 to 30 September 2026.",
        "url": "https://retirementwealth.com.au/api/v2/figures/mpir/2026-07-01.json"
      },
      {
        "value": 7.96,
        "display_value": "7.96% a year",
        "ratio": 0.0796,
        "effective_from": "2026-04-01",
        "effective_to": "2026-06-30",
        "basis": "value",
        "status": "superseded",
        "source": {
          "title": "Schedule of Fees and Charges for Residential Care",
          "publisher": "Department of Health, Disability and Ageing",
          "url": "https://www.health.gov.au/resources/publications/schedule-of-fees-and-charges-for-residential-care",
          "type": "primary"
        },
        "verification": {
          "status": "verified_primary",
          "checked_on": "2026-10-11"
        },
        "notes": "Listed for 1 April 2026 to 30 June 2026 in the schedule from 20 March 2026.",
        "url": "https://retirementwealth.com.au/api/v2/figures/mpir/2026-04-01.json"
      }
    ]
  }
}