Southern Cross Care Tara Tarcoola

Location

2 Sara STREET TARA QLD 4421

Beds: 30

Religious

Service Provider: Southern Cross Care (QLD) Ltd

Accreditation Report

RAD Interest Rate (MPIR) Updates

From 1 July 2025, the Maximum Permissible Interest Rate (MPIR) is 7.78%

Since the RAD price approval threshold increased to $750,000 in January 2025, Refundable Accommodation Deposits (RADs) have risen significantly across most aged care homes. For residents, any reduction in the MPIR is a positive change, as it lowers the cost of paying via Daily Accommodation Payments (DAPs).

RAD Retention Amount Introduced

The Refundable Accommodation Deposit (RAD) will now have 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.

MPIR Indexed to CPI

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.

More about RAD, DAP & MPIR ...

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Are you considering a placement at Southern Cross Care Tara Tarcoola?

Do you need to find respite or permanent placement at Southern Cross Care Tara Tarcoola or another aged care home in the TARA area?

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Don't be too hasty and make easy mistakes. Access our knowledge and experience prior to making a decision which will have a major impact on your elderly loved one.

Application, Admission Forms and Negotiating the Accommodation Fees at Southern Cross Care Tara Tarcoola

• Providing you with unbiased advice about Southern Cross Care Tara Tarcoola and other aged care homes nearby to TARA.


• Negotiating RAD's and additional service fees to achieve the best financial arrangement for your family.


• Explaining strengths and weaknesses of different homes near TARA - using our proven checklist to guide your decisions.


• Matching appropriate homes to your family requirements, preferences and timetable


• Arranging facility tours to Southern Cross Care Tara Tarcoola and providing support


• Completing the important Centrelink forms ie. SA457 or SA485 Asset and Income Assessment form


• Accurately completing and lodging the application and admission paperwork for Southern Cross Care Tara Tarcoola


• Be first to hear abour vacancies - prompt notification and response to current vacancies at Southern Cross Care Tara Tarcoola through our established and trusted relationship with admission coordinators


• Provide advocacy and support during the settling-in period and after the placement has been completed

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RAD to DAP Conversion

Care & Placement Guides

Assessment - Home Care
Assessment - Residential Care
Residential Care Agreement
Age Pension Current Rates
New Aged Care Homes
Residential Care Fee Categories
Current Fees and Charges
Basic Daily Care Fee
Means Tested Care Fee
What is a RAD, DAP, MPIR?
Current and Historical MPIR's
Refundable Accommodation Deposit (RAD)
Daily Accommodation Payment (DAP)
Maximum Permissible Interest Rate (MPIR)
Additional Service Fee (ASF)
Centrelink Form SA456 Explained
Centrelink Form SA485 Explained
Centrelink Form SA457 Explained