Contract & Fees

nursing homes northern beaches

Residential Aged Care Facility Northern Beaches

Residents receive a Resident Agreement upon admission to permanent care.

1st October 2017– Residential Aged Care Facility Fee Structure

Basic daily care fee of $49.42 per day as of 20 September 2017.
This fee changes in line with the increases in the age pension in March and September each year and is determined by the Department of Social Services.

Entry post 1st July 2014. Combined Assets and Income Assessment fee as determined by the Department of Human Services or Department of Veteran Affairs.
Maximum daily fee $245.62 as of 1 July, 2017. 

All residents need to complete the Combined Assets and Income Assessment Form (SA457) provided by the Department of Human Services, Centrelink Department to receive government funding for care and accommodation costs.

‘Means not disclosed’ Resident. Maximum fee of $245.62 per day as of 1 July 2017.
If this form is not submitted the resident will be invoiced for all care and accommodation costs as determined by the ACFI assessment (Aged Care Funding Instrument). This payment will be charged from date of entry and paid directly to the facility.

Cap on Means Tested Care Fees. Annual threshold of $26,566.54
Lifetime Cap on Means Tested Care Fee. Lifetime cap $63,759.75

Residents who have entered prior to 1 July 2014, an Income Tested Amount to be assessed by Department of Human Services or the Department of Veteran Affairs.
Maximum daily fee $78.49 per day as of 1 October 2017.

Refundable Accommodation Deposit (RAD) $550,000.00

Interest rate of 5.70% per annum for Daily Accommodation Payment (DAP) from 1 October 2017.
This refers to any unpaid portion of the RAD from date of entry to termination of the resident agreement.

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Example 1
Refundable Accommodation Deposit (RAD)

$550,000.00 paid as a Refundable Accommodation Deposit (RAD)
(Lump sum payment at date of entry to the facility)

Example 2
Combination of a Refundable Accommodation Deposit (RAD) and a Daily Accommodation Payment (DAP).

$275,000.00 paid as a Refundable Accommodation Deposit (RAD)
(Lump sum payment at date of entry to the facility).

$275,000.00 paid as a Daily Accommodation Payment (DAP).
Calculated at 5.70% per annum equals $42.95  per day.
(Paid monthly in advance).

Example 3
Daily Accommodation Payment (DAP).

$550,000.00 paid as a Daily Accommodation Payment (DAP).
Calculated at 5.70% per annum equals $85.89 per day.
(Paid monthly in advance)