Optimum Aged Care Lifestyle Living
Admission to a residential aged care facility include:
The 501 Care
Establishing your fees
Fees are determined based on the outcome of the Centrelink income and assets assessment. The amount you are required to pay will depend on the assessment results. Some residents receive full government support and therefore make no contribution toward their accommodation costs. Others contribute an agreed amount.
Daily Care Fee
The Basic Daily Care Fee is a standard contribution paid by residents towards everyday living expenses, including meals, cleaning, laundry, 24/7 care and general services. This fee is set by the Australian Government and is payable by all residents receiving residential aged care services.
Hotelling & Non-Clinical Care Supplement
Depending on a resident’s assessed income and assets, a resident may be required to contribute towards the cost of accommodation and care through a Hotelling Supplement Contribution and/or a Non-Clinical Care Contribution. This is determined by Centrelink.
Refundable Accommodation Deposit (RAD)
A Refundable Accommodation Deposit (RAD) is a lump sum amount paid to the facility for accommodation. The balance of the RAD is government-guaranteed and is refunded when a resident permanently leaves the facility, less any amounts that the resident has agreed may be deducted, such as unpaid fees or charges and any retention amount.
Residents are not required to pay their accommodation costs entirely as a RAD. Depending on their circumstances, they may choose to:
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Pay the full accommodation cost as a lump sum Refundable Accommodation Deposit (RAD).
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Pay the accommodation cost as a daily payment (DAP).
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Pay a combination of both a RAD and DAP.
Entering permanent residential aged care on or after 1 November 2025, the new accommodation arrangements will apply. These include:
Refundable deposit retention – if you pay a lump sum, the facility keeps 2% of your lump sum per year. This amount is not refunded when you leave care. After 5 years in care, no further retention amounts will be deducted.
Daily Accommodation Payment (DAP)
The daily accommodation payment is a rental type of payment. Instead of paying for your accommodation in full (as a RAD) you can choose to pay it as a daily payment. The DAP is calculated by multiplying the RAD amount by the government legislated interest rate (Currently 8.43% as of July 2026). Daily accommodation payments are not refundable if you leave the care home.
Combination of Refundable Accommodation Deposit (RAD) & Daily Accommodation Payment (DAP):
Residents can choose to pay their accommodation as part RAD and part DAP. If a resident chooses a combination of RAD & DAP and they elect to have the DAP taken from the RAD, the DAP payment will increase over time as the RAD amount is reduced.
Fees and Charges
Respite Care
The government sets a maximum stay of 63 days; this can be extended in special circumstances.
Eligibility
501 Care Centre’s residential respite services are available to people who have been approved for residential care by My Aged Care (ACAT).
Cost
Respite residents pay a basic daily fee of 85% of the single basic Age Pension.
Inclusions
501 Care Centre’s Residential Respite care includes:
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Help with everyday tasks such as mobility, activities of daily living.
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24-hour nursing care
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Care in our specialised dementia wing, if required
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Freshly prepared meals made on-site
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Social activities
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Hospitality services such as cleaning, laundry, and basic toiletries
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Your bed, basic Furnishings and TV
Excluding: Dietician, Podiatrist, Physiotherapist and Speech Pathologist services.
