Refundable Accommodation Deposit (RAD) Agreement
A RAD is a lump-sum, fully-refundable interest-free deposit paid to the aged-care home for your room — typically $300k-$1.5m+ depending on facility/location. It is government-guaranteed and refunded (less any agreed deductions) when you leave or to your estate when you die.
Official source
myagedcare.gov.auRelated topics
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