Retirement villages are generally built as a group of units or villas with entry restricted to people who are over 55 and retired from full-time employment. Retirement Villages operate under the relevant state or territory legislation, often called the Retirement Villages Act.
ACG Adviser Factsheet MEANS TESTING 200319
ACG Adviser Factsheet_Loans to fund a RAD_010119
ACG Adviser Factsheet RETIREMENT VILLAGES
ACG Adviser Factsheet RESIDENTIAL AGED CARE MEANS TEST
For people who enter residential aged care after 1 July 2014 a means tested amount is used to determine how much they can pay for accommodation and care.
ACG Adviser Factsheet REFUNDING RADS
Aged Care Providers are required to refund the balance of a resident’s Refundable Accommodation Deposit/Contribution or Accommodation Bond within legislated timeframes.