There are three accommodation payment options:
These pricing arrangements apply to new residents entering care on or after July 1, 2014. The agreed Daily Accommodation Payment may be deducted from the Refundable Accommodation Deposit in order to meet an agreed amount of accommodation payment. This will result in addtional interest amounts being charged on the amount deducted. Residents or their representatives may wish to seek independent financial advice regarding which option suits their specific financial circumstances.
Prices current as at Wednesday, July 8, 2020
Maximum Permissible Interest Rate (MPIR): 4.1%. The MPIR is updated quarterly by the Australian Government and is subject to change.