A summary of Care and Accommodation rates.
The Commonwealth Government regulates the fees and charges levied by residential aged care providers. These costs vary depending upon a number of factors relating to a resident’s care needs and lifestyle wants, pensioner status, and their personal assets. In general, the cost of residency is a combination of a Basic Daily Fee – covering ongoing care, and a Refundable Accommodation Deposit (RAD), relating to the type of room occupied.
Basic Daily Care Fee
The Basic Daily Fee is set by the Commonwealth Government, and is currently fixed at approximately 85% of the single person rate of the basic age pension. This fee covers all daily clinical and nursing care and living needs, such as meals, laundry and cleaning.
Hotelling contribution
The hotelling contribution is a fee that people who can afford to will contribute more towards their daily living costs through a hotelling contribution.
Services Australia will tell you if you need to pay a hotelling contribution and if so, how much you need to pay. This is based on your means assessment. The maximum amount changes with indexation in March and September.
Non-clinical care contribution
People who need to pay the maximum hotelling contribution may also need to pay a non-clinical care contribution. This fee contributes to personal care costs such as bathing and mobility assistance.
Services Australia will tell you if you need to pay a non-clinical care contribution and if so, how much you need to pay. This is based on your means assessment. The maximum amount changes with indexation in March and September. Daily and lifetime caps apply.
Accommodation Costs
This is an agreed lump sum payment for your accommodation at our home. Different
suite types have a maximum Refundable Accommodation Deposit (RAD) approved by
the Commonwealth Independent Health and Aged Care Pricing Authority. A lump sum
payment is refunded when you leave one of our homes, less any allowable
deductions. Additionally your RAD repayment is guaranteed by the Commonwealth
Government pursuant to the Accommodation Payment Guarantee Scheme under the
Aged Care (Accommodation Payment Security) Levy Amendment Bill 2025.
If you have not paid your RAD in full, a Daily Accommodation Payment (DAP) is
charged, and this is the daily equivalent of the agreed lump sum payment (RAD) with
an additional interest component included and as set by the Commonwealth
Government. This interest rate is currently 7.61%. Any accommodation payment made
via a daily payment (DAP) are not refundable.
Refundable Deposit Retention
If you pay a lump sum, 2% of your lump sum is retained per year. This amount tis not
refunded when you leave care. After 5 years in care, no further retention amounts will
be deducted.
Daily Accommodation Payments (DAP) Indexing
If you pay by DAP, this amount will increase due to indexation on 20 March and 20
September each year.
Concessional Rates
At Oryx we are committed to providing quality care and accommodation to all the community, including those with limited financial capabilities. Our Residential Accommodation Review Committee will consider all applications from all individuals or their family for this assistance and eligibility criteria can be provided.
Read more about how aged care costs work on the My Aged Care website here.
Glossary of Terms
Refundable Accommodation Deposit (RAD)
A Refundable Accommodation Deposit (RAD) is a lump sum payment for accommodation: it is the price of a room or suite, which can be paid in full or in a combination of a percentage of the total RAD plus a Daily Accommodation Payment (DAP). The resident’s RAD is refunded in full when they leave The Richardson, with No Exit Fees. The refund of the RAD is financially guaranteed by the Federal Government.
Daily Accommodation Payment (DAP)
A Daily Accommodation Payment (DAP) is a daily cost for accommodation, charged monthly in advance when a resident has not paid their RAD in full. DAP and contribution payments, unless paid in advance, are not refundable when a resident leaves an Oryx home.
Maximum Permissible Interest Rate (MPIR)
The Maximum Permissible Interest Rate (MPIR), set by the Federal Government, is used to work out the equivalence between a RAD and DAP amounts for residents who are not paying an RAD amount in full.
Calculating DAP
The formula used to calculate a resident’s DAP is: Refundable deposit (RAD) amount x interest rate (MPIR) / 365 = daily payment (DAP) amount.
For a full explanation of the aged care pricing structure and how it applies to your circumstances please see our frequently asked questions or contact our care team for more information.
