Market Wrap - July 2020

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Market Wrap - July 2020

Earlier optimism on the virus front started to fade, as a gradual easing of restrictions saw a spike in the number of new cases.

This saw new constraints imposed in some areas and prompted the World Health Organisation to suggest the worst of the pandemic may be ahead.

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Yesterday

Getting Your RAD back

Accommodation payments (called Refundable Accommodation Deposits – RADs for short) are one of the most misunderstood areas of residential aged care. Many people don’t realise that a RAD is not “lost” money but is refundable when you leave care or pass away.


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Yesterday

What does the Federal Budget mean for aged care?

This year’s Federal Budget focussed on the rising costs of living and how to help Australians manage. Before the Budget there was speculation that we would see changes for aged care funding and fees, but what made it into the Budget?


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Yesterday

If Aged Care Advice is Confusing...Get Advice

RADs, DAPs, MPIRs, MTAs and ACATs !! These are just a few of the acronyms you will face when navigating aged care decisions. It might even feel like you’ve landed in a foreign country where you don’t understand the language or the rules.


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