Figuring out what you pay
Use our Fee Calculator
If you are required to contribute towards your Accommodation fees, there are three payment options you can choose from:
1. Refundable Accommodation Deposit (RAD)
A one-off lump sum payment. The RAD is refunded when you leave, minus a 2% annual retention fee (calculated daily) for up to five years, which is a term specified by the Australian Government. After these deductions, the remaining RAD balance is refunded to your nominated account.
2. Daily Accommodation Payment (DAP)
Your starting DAP rate will be calculated using the Maximum Permissible Interest Rate (MPIR)
on the day you enter care. The rate is indexed twice per year, on 20 March and 20 September, in line with the Consumer Price Index (CPI).
3. Combination Payment (RAD & DAP)
This option is a combination of the other two types of payment. You can choose to pay part as a lump (RAD) and the remainder with daily payments (DAP).Depending on your income and assets, the government may contribute towards your accommodation costs. Only the RAD portion is refundable when you exit.