A RAD is a one-off lump sum payment to Signature Care. The full RAD amount is refunded upon departure of the home, less any amounts you have agreed to be deducted (if applicable) and is 100% guaranteed by the Australian Government.

A DAP is a daily payment of interest on the room price which is billed monthly (i.e. a rental-type payment).

Unlike the RAD, the DAP is not refundable upon departure of the home.

The DAP pricing is based on the Government set interest rate at the time of entry. This is known as the Maximum Permissible Interest Rate (MPIR). This amount may vary from time to time but will be fixed at the rate of permanent entry, for the duration of the resident’s stay, based on any unpaid component of the Refundable Accommodation Deposit.

As of 1st Jan 2025 – 31st Mar 2025, the MPIR is 8.42%.

To calculate the equivalent DAP, multiply the RAD by the MPIR and divide by 365 for the daily rate.

The accommodation cost is paid by a combination of RAD and DAP where you choose a partial RAD amount and this will then adjust the amount you pay via the daily charge.

For a combination RAD/DAP payment, multiply the remainder of the RAD by the MPIR and divide by 365.

Signature Care offer fully supported rooms where no accommodation contribution is required, or partially supported rooms, where only a very small accommodation contribution is required.

To check if you are eligible, please complete an Income and Assets Assessment Form from the Department of Human Services (www.humanservices.gov.au) and submit to Centrelink.