Summary of charges and securities

Please note that these rates are subject to change and should be used for estimation only. Refer to your completed resident agreement for actual rates.

All residents

Daily fee $39.50/day – all residents will initially be charged by the Standard Resident contribution, until otherwise notified by the Department of Health & Ageing)
Accommodation Charge Up to $28.72 per dayAmount to be calculated dependent on asset assessment (assets from $38,500 – $98,237.60)
Income tested fee – additional Up to $63.48/day based on Centrelink assessment

Residential low care (Stanford)

Refundable accommodation bond $450,000, or other amount as agreed with the Provider

Note: government legislation prescribes the bond must preserve no less than $38,500 in other assets to the resident.
Monthly retention amount(5 years maximum) $307.50/month Max total $18,450
Wellington Park’s interest rate onunpaid bond amounts Currently 8.74% Interest charged for unpaid bond. Interest can be deferred until the sale of a property.

Costs

Our services are government funded and costs charged to the resident are strictly regulated by Commonwealth legislation.  These costs vary depending on whether a resident’s ACAT assessment is low or high care.

Basic daily care fees are based on the pension. Daily care fees are the same for all residents.

Income tested daily care fees are charged for residents with a higher income than the pension. Part pensioners and non-pensioners may be required to pay an additional income tested fee. The assessment is done by Centrelink or the Department of Veterans’ Affairs.

Accommodation bond: You may be asked to pay an accommodation bond if you enter low care.  The bond is an interest free loan to the home and most is refunded to the person or their estate when they leave.  There is no fixed amount for a bond and this can be negotiated between the resident and the Provider. Once a bond is paid, it will be retained by the Provider for the duration of the resident’s stay.

Accommodation charge: Residents who enter our service with a high care ACAT may be required to pay an accommodation charge instead of an accommodation bond. It applies for a maximum of five years.

Concessional and fully supported residents: If you cannot afford to pay the accommodation bond or accommodation charge you may be eligible to be a concessional or assisted resident. Concessional residents include means-tested pensioners who have not owned their own home in the past two years and who have assets of less than two and a half times the annual single basic age pension.

Assisted residents must meet the same criteria as concessional residents but can have assets of more than two and a half times and less than four times the annual single basic age pension. There are also Hardship Provisions for people who would face genuine hardship if they were to pay an accommodation charge.