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.
Full Option A
RAD 100%
Maximum Refundable Accommodation Deposit (RAD) Refundable Accommodation Deposit (RAD)

100%

$550,000.00 $550,000.00
Basis maximum permissible interest rate (MPIR)
Current as at 1 july 2014 – reviewed quarterly **
Full Option B Combined Options
DAP 100% Combined Option 1 Combined Option 2 Combined Option 3
Daily Accommodation Paymet (DAP)

100%

RAD

50%

DAP

50%

RAD

70%

DAP

30%

RAD

30%

DAP

70%

$100.81 $275,000.00 $50.40 $385,000.00 $30.24 $165,000.00 $70.57

**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.