Rates and Charges
1 October 2026 to 31 December 2026
Residential aged care costs include fees towards everyday living services, accommodation costs and, depending on your financial circumstances and applicable fee arrangements, means-tested contributions towards your care.
The information below explains the fees and accommodation payment options at Oakwood Aged Care for permanent residential care.
Basic Daily Fee
At Oakwood Aged Care, all residents are asked to pay a Basic Daily Fee as a contribution towards everyday living expenses, including meals, cleaning, laundry and utilities.
The maximum Basic Daily Fee is set at 85% of the single basic Age Pension and is indexed on 20 March and 20 September each year.
This fee is separate from accommodation costs and any means-tested contributions.
Refundable Accommodation Deposit and Daily Accommodation Payment
Residents entering Oakwood Aged Care who are not eligible for government assistance with their accommodation costs can pay their agreed accommodation price as a Daily Accommodation Payment (DAP), an equivalent Refundable Accommodation Deposit (RAD), or a combination of both.
The amounts below are the maximum published accommodation prices for each room type. Your accommodation price is agreed with Oakwood Aged Care in writing before admission and cannot exceed the applicable published maximum price. Your means assessment determines whether you are eligible for government assistance with accommodation costs.
A RAD is a lump sum payment. Its remaining balance is refundable when you permanently leave care, after applicable retention amounts and other permitted deductions.
A DAP is a non-refundable daily payment. The initial DAP is calculated using the agreed accommodation price and the government’s Maximum Permissible Interest Rate applying on the day the room price is agreed. Paying part of the accommodation price as a RAD reduces the DAP payable.
Residents have 28 days after entering care to choose their accommodation payment method. Daily accommodation payments apply to the unpaid portion of the agreed accommodation price. If the full accommodation price is paid as a RAD, no DAP is payable. If a partial RAD is paid, a reduced DAP remains payable.
At Oakwood Aged Care, there are five levels of RADs and DAPs available:
Single Room with Ensuite – Sole Occupancy
RAD – $475,000.00
DAP – $110.75/day
Example Combination:
50% RAD = $237,500.00 and DAP = $55.37/day
Single Room with Lounge Room – Sole Occupancy
A larger “double room” that will be provided for sole occupancy only.
RAD – $360,000.00
DAP – $83.93/day
Example Combination:
50% RAD = $180,000.00 and DAP = $41.97/day
Single Room Only – Sole Occupancy
RAD – $325,000.00
DAP – $75.77/day
Example Combination:
50% RAD = $162,500.00 and DAP = $37.89/day
Double Room with Ensuite
The price is per bed, with the understanding that two people will reside within this room. The price is for one bed in a room shared with another person who may or may not be known to you.
RAD – $250,000.00
DAP – $58.29/day
Example Combination:
50% RAD = $125,000.00 and DAP = $29.14/day
Double Room Only
The price is per bed, with the understanding that two people will reside within this room. The price is for one bed in a room shared with another person who may or may not be known to you. Subject to availability.
RAD – $180,000.00
DAP – $41.97/day
Example Combination:
50% RAD = $90,000.00 and DAP = $20.98/day
The above amounts relate to accommodation only. The Basic Daily Fee and any applicable means-tested contributions are payable separately.
If you choose a combination of RAD and DAP, you may request that your DAP be deducted from your RAD each month, with the arrangement documented in writing. These deductions reduce the refundable balance and may increase your ongoing DAP.
All payment options and combinations can be discussed with management.
Government Assistance with Accommodation
Residents assessed as eligible for government assistance may pay nothing for accommodation or an accommodation contribution determined by Services Australia.
An accommodation contribution can be paid as a Refundable Accommodation Contribution (RAC), a Daily Accommodation Contribution (DAC), or a combination of both.
Residents eligible for this assistance do not pay the published RAD or DAP room prices above. Their accommodation contribution is based on their means assessment.
Refundable Deposit Retention and DAP Indexation
For residents to whom the relevant 1 November 2025 accommodation arrangements apply, legislated retention amounts are deducted from RAD and RAC balances.
Retention is calculated daily at 2% per annum on the refundable deposit balance, for a maximum of five years from the first refundable deposit payment. Retention amounts are not refundable.
Residents are not required to replace retention deductions, and these deductions do not increase their DAP or DAC.
Where DAP indexation applies, the DAP is indexed on 20 March and 20 September each year in accordance with government requirements. This indexation does not apply to DACs.
Your accommodation agreement will explain the arrangements that apply to you.
Means-Tested Fees and Contributions
The means-tested fees you may pay depend on your applicable fee arrangements and your income and assets. Services Australia advises Oakwood Aged Care and the resident of the fees and contributions payable.
Some residents remain on earlier fee arrangements because of transitional protections. Fee arrangements and accommodation arrangements may differ.
Hotelling Contribution
For residents on the 1 November 2025 fee arrangements
Some residents may be required to pay a Hotelling Contribution in addition to the Basic Daily Fee. This contributes towards everyday living services, including meals, cleaning, laundry and utilities.
The amount depends on your income and assets and is determined by Services Australia. It cannot exceed the maximum government hotelling supplement. If you pay only part of the supplement, the government pays the remainder.
There is no annual or lifetime cap on the Hotelling Contribution.
Non-Clinical Care Contribution
For residents on the 1 November 2025 fee arrangements
Residents whose means assessment requires them to pay the full Hotelling Contribution may also be required to pay a Non-Clinical Care Contribution.
This contributes towards personal care services, such as bathing, mobility assistance and lifestyle activities. The amount is determined by Services Australia based on your income and assets.
A government maximum daily rate and lifetime dollar cap apply. You stop paying this contribution when you reach the applicable lifetime dollar cap or have paid the contribution for four cumulative years, whichever occurs first. Services Australia advises when either limit has been reached.
The daily and lifetime dollar limits are indexed by the government. Current limits are published in the Australian Government’s Schedule of Fees and Charges for Residential Care.
Reaching a limit does not remove the requirement to pay the Basic Daily Fee, accommodation costs or any other applicable agreed charges.
Clinical Care
Under the 1 November 2025 fee arrangements, the Australian Government fully funds clinical care provided as part of residential aged care. The Non-Clinical Care Contribution does not contribute towards these clinical care costs.
Separately obtained medical services, medicines and personal health expenses may still involve costs to the resident.
Means Tested Care Fee
For residents who remain on the 1 July 2014 fee arrangements
Some residents may be required to pay a Means Tested Care Fee towards the cost of their care, instead of the Hotelling Contribution and Non-Clinical Care Contribution.
The amount depends on your income and assets and the cost of your care. Services Australia determines the amount payable. Government annual and lifetime caps apply.
This fee is payable in addition to the Basic Daily Fee and any applicable accommodation costs.
Further Information
Management can explain the accommodation options and fee components at Oakwood Aged Care. Your individual costs will be confirmed through your means assessment, fee advice and agreements with Oakwood Aged Care.
We encourage residents and families to seek independent financial advice before choosing an accommodation payment method.
Further information about residential aged care fees is available at www.myagedcare.gov.au or by calling 1800 200 422.
Payment of Accounts
A Refundable Accommodation Deposit (RAD) can be paid by cheque or electronic funds transfer.
Accounts are generated at the beginning of each month for that month, with fees payable in advance. Fees are not collected more than one month in advance.
Accounts can be paid by direct debit, electronic funds transfer or Centrepay. Centrepay is a voluntary payment option for eligible residents.
