Current schedule of

Resident Fees & Charges

this resident fee schedule is updated regularly

As of the 1st of July 2014, the Schedule of Resident Fees and Charges have changed. If you wish
to review and understand the charges, daily fees, income testing, accommodation charges and bonds.

Please click on the link below

Government Fees & Charges

“The current maximum permissible interest rate (MPIR) as set by the Commonwealth Government used to calculate payment options. “

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A bond is now being referred to as a refundable accommodation deposit (RAD).

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The current maximum permissible interest rate (MPIR) as of July 24, 2017 is 5.73%, used to calculate payment options.

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Residents with assets below $45,000 are concessional residents and a lump sum bond isn’t required.

Payment structure for

Lump Sum Bond

Residential accommodation deposits and bonds range from $410,000 – $545,000

On top of the lump sum payment, an additional Standard Basic Daily Fee is required.

Eg. Agreed refundable deposit payment of $350,000 to be paid as a lump sum. The standard basic daily
fee of $49.07 is required as a daily payment along with the deposited lump sum payment.

Daily Fee $49.07

Payment structure for

Daily Accommodation

All depending on the current permissable interest rate

An equivalent daily payment depending on current MPIR, with the additional Standard Basic Daily Fee.

For example, the agreed refundable deposit amount of $350,000, a calculation of $63.56 as the
equivalent daily payment will be paid with the added Standard Basic Daily Fee of $49.07.

Daily Fee $111.81

Eg. Refundable deposit x MPIR/365 = $200,000 x 5.73%/365 = $31.40 daily payment
$34.41 + $49.07= $83.48 daily fee, with the additional payment of $150,000 refundable deposit.

Payment structure for

Combination Payment

(RAD + DAP) Payment Structure

Payment including a refundable deposit of ‘x’ amount to calculate an
equivalent daily payment, with the additional Standard Basic Daily Fee

As an example, a combination payment of $350,000 price can be a refundable
deposit of $150,000, and a daily payment of the remaining $200,000

Eg. $34.41 + $49.07= $83.48 daily fee, with the additional payment of $150,000 refundable deposit

SWIAA Resident costings

Fees & charges

Click here to download the latest fees & charges