If I pay a RAD how secure is my money?

The Federal Government guarantees the repayment of refundable accommodation deposits (RADs) which have been paid to an accredited aged care facility.

This means if the facility goes into liquidation or faces bankruptcy and cannot afford to repay your RAD the Government will pay you back the full amount owing. This makes your money very secure.

You should always ask to see the facility’s accreditation certificate to make sure it is covered by the guarantee.

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