Press Release: 25 March 2021
In February 2020 the Minister for Senior Australians and Aged Care Services, Senator the Hon Richard Colbeck, tasked the Aged Care Financing Authority (ACFA) to undertake an analysis on the role of Refundable Accommodation Deposits (RADs) in the market currently. This study also included the impact of RADs on the sector and consideration as to what their role, and the settings, should be into the future.
ACFA commissioned the Macquarie University Centre for the Health Economy (MUCHE) to undertake research and market surveys to assist with the project. The MUCHE provided its report to ACFA in December 2020. ACFA subsequently provided its final report, along with the MUCHE report, to the Minister on 25 February 2021.
The ACFA report and the MUCHE report are available on the department’s website.
Department of Health