Fees of St Joan of Arc Villa
The maximum accommodation price for all rooms is a refundable accommodation deposit (RAD) of $550,000. This may be paid as a lump sum, or a daily accommodation payment (DAP), or a combination of both; residents may choose payment method within 28 days of admission.
The refundable deposit is converted to a daily payment rate by multiplying it by the “Maximum Permissible Interest Rate” and dividing by 365 days.
The MPIR is set by the Department of Health and is calculated quarterly.
Accommodation Pricing List & Payment Combinations
|Refundable accommodation deposit compared to daily accommodation payment options table.|
**Maximum permissible interest rate MPIR
The Department of Health has a very comprehensive website which details financial and other aspects of residential care. It is the “ My Aged Care” website and can be found at www.myagedcare.gov.au/
It is highly recommended that anyone contemplating admission to an aged care residential facility visit this site and familiarise themselves with recent government changes, including fee and bond calculations.