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The Australian Government calculates and regulates aged care fees and payments. A person entering permanent residential care may not have to pay them all.

The four most common payments are:

> Daily Care Fee - Basic

> Daily Care Fee - Income Tested

> An Accommodation Bond (like an interest free loan to the facility)

> An Accommodation Charge (an extra charge for high level care)

Some fees and payments are means tested.  Refer to the links below for the latest rates of payment.
 

Since 1 July 2006, everyone who seeks government assistance with aged care accommodation costs is assets tested.  This does not apply to respite care.  Refer to the link below for more details (‘Assets Assessments’).

Since 1 January 2007, the assets test for people entering permanent residential care for the first time or moving to a new aged care home has been more closely aligned with the assets test for the aged pension.  Refer to the link below for more details (‘Aged Care - Assets Test Changes From 1 January & 20 September 2007’).

From 20 March 2008, new aged care rules came into place for new residents entering care on or after 20 March 2008.