The reasons for each set of fees are: An entry fee is paid for the right to live in the facility for life. This helps cover the cost of the building and maintenance. The basic-daily care fee and income-tested fees pay for the cost of care. The extra-service...
The new rules have the same fundamental structure as the old rules but with some changes in how they are assessed. The main changes are: No distinction between low and high care (same fees apply regardless of level of care) All residents will have a choice to...
he first thing to know is that bonds are paid in low-care and are only paid in high-care if it is extra-service. The second thing to know is that each facility decides how much to charge. The average new bond across Australia is around $230,000 but...