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(03) 5581 1211

Edgarley News, Updates and Annoucements

LATEST NEWS

Information in regards to Antibiotics (Antimicrobials) from the Australian Commission on Safety and Quality in Health Care
General News News For Relatives

Information in regards to Antibiotics (Antimicrobials) from the Australian Commission on Safety and Quality in Health Care

October 30, 2024
Update from Department of Health and Aged Care – Scam Notification
General News News For Relatives

Update from Department of Health and Aged Care – Scam Notification

September 11, 2024
Positive COVID Update – 2 September 2024
Covid Update News For Relatives

Positive COVID Update – 2 September 2024

September 2, 2024
Positive COVID Case 13 August 2024
Covid Update News For Relatives

Positive COVID Case 13 August 2024

August 13, 2024
COVID – Resuming Rapid Antigen Testing (RAT) May 2024
Covid Update News For Relatives

COVID – Resuming Rapid Antigen Testing (RAT) May 2024

May 30, 2024
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About Edgarley
What We Do
Our Philosophy
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Meet the Team
Message a Resident
News & Updates
Contact Us
Our Services
Residential Aged Care
Independent Living
Respite Care Services
Palliative Care
Ageing in Place
Application for Residency
Fees & Funding
Get In Touch
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Daily accommodation payment (DAP)

How does the calculation work?

EXAMPLE 1

If your room price is $500,000, your DAP will be worked out as follows:

Room Price × MPIR* / 365 Days
$500,000 × 6.31% / 365 Days
$86.44 per day

EXAMPLE 2

Lump Sum Paid (RAC)

Room Price − RAC Paid × (MPIR) / 365
$500,000 − $200,000 × (6.31%) / 365
= ($300,000 × 6.31%) / 365
= $51.86

Note: The MPIR used in this example (6.31%) is current as at 1 October 2022.

Refundable Accommodation Deposit (RAD)

If you choose to pay an amount as a lump sum, the balance is refunded when you leave the aged care home. Any amounts that you have drawn down from the lump sum to pay other aged care costs will not be refunded.

Paying a lump sum will reduce your Daily Accommodation Payment.

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