The RAD is a Refundable Accommodation Deposit. It is a lump sum payment towards your Accommodation Payment. RADs are exempt from the Department of Human Services (Centrelink) or DVA Pension Assets Test. Daily Payments calculated on the total Accommodation Payment are payable from date of entry on any part of the Accommodation Payment that has not been paid as a RAD.
RADs are included in the Means-Tested Care Fee asset test.