How it works
The room price
Enter the refundable accommodation deposit (RAD) the facility quoted.
How much as a lump sum
Anything from nothing to the full amount.
The daily payment
See the daily, fortnightly and yearly cost of the rest.
RAD, DAP and MPIR in plain English
RAD (Refundable Accommodation Deposit)
A lump-sum payment for your room in residential aged care. It’s refundable when you leave, subject to the rules in place when you entered care.
DAP (Daily Accommodation Payment)
Instead of paying the room price as a lump sum, you can pay some or all of it as a daily amount. You can also pay part as a lump sum and the rest daily.
MPIR (Maximum Permissible Interest Rate)
A government-set interest rate used to convert the unpaid part of the room price into a daily payment. It changes each quarter; the rate on the day you enter care is the one that applies to you.
Basic daily fee
A separate daily fee for everyday living costs such as meals and laundry. It’s set by the government and paid on top of any accommodation payment.
The aged care system changed under the new Aged Care Act from late 2025. All explanatory text about RAD, DAP and fees must be reviewed by Cornerstone before launch.
Last reviewed: [PLACEHOLDER: last reviewed date]
Not sure where to start?
A 15-minute call, by phone or video, is the easiest first step. We’ll listen, answer your questions and tell you honestly whether we can help. The first meeting can be in person at our Subiaco office, or by phone or video.