Bell Park VIC
Victorian Croatian Aged Care Services Inc.
Victorian Croatian Aged Care Services Inc - 38-46 Barton Street
38-46 Barton Street
Bell Park VIC 3215
Beds: 100
Community Based
Service Provider: Victorian Croatian Aged Care Services Inc.
Accreditation Report for Victorian Croatian Aged Care Services IncDo you need to find respite or permanent placement at Victorian Croatian Aged Care Services Inc or another nursing home in the Bell Park location?
We have helped many families through this usually difficult time and have detailed knowledge and experience to help you with this important decision about Victorian Croatian Aged Care Services Inc.
Don't be too hasty and make easy mistakes. Use our knowledge and experience prior to making a decision which will have a major impact on your elderly loved one.
First select the RAD Amount that has been agreed to:
Agreed RAD: $
Use the slider to see how the daily accommodation payment (DAP) will change depending on the lump sum component of the RAD paid. The DAP is based on the current maximum permissible interest rate (MPIR) of 7.96%.
| % |
Lump Sum Paid: $
DAP :$20.20 pd
Interest rate (MPIR) is: 7.96%pa
(from 1/4/2026)
From 1 April 2026, the Maximum Permissible Interest Rate (MPIR) has increased to 7.96% pa
Because the Refundable Accommodation Deposit (RAD) price approval threshold (the "capped price") has increased to $758,627 RAD's have risen significantly across most aged care homes. Any increase to the MPIR increases the cost of paying via Daily Accommodation Payments (DAP's).
The Refundable Accommodation Deposit (RAD) now has a retention of 2% of the paid RAD (up to a maximum 10% across 5 years) from the date of the first payment. It’s interesting here that it is based on what RAD you have paid. We are expecting that some clients may pay a small/nominal RAD/RAC at entry in order to “kick-start” the 5 year clock. This will limit the total retention fee exposure over a client’s lifetime in care. Smart move.
The Maximum Permissible Interest Rate (MPIR) which is applied to the unpaid RAD will now be indexed to CPI twice a year (similar to how the Daily Care Fee moves in line with the age pension). This is going to be hard to calculate as there will now be an indexation factor to apply to the original MPIR which will be based on the date in which the client entered care.