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Residential aged care providers are now required to publish the maximum accommodation prices they will charge from 1 July, making it easier for consumers to make informed choices.

As well as providing clear pricing and payment options, there will be accommodation information including key features of accommodation rooms on offer.

Accommodation prices and information will be published at , on providers’ own websites, and in all relevant documentation given to prospective residents.
In addition, any refundable deposit greater than $550,000 (or daily payment equivalent) will be approved by the Aged Care Pricing Commissioner.  In practice, this will mean about five per cent of proposed prices will require an application to the Commissioner. The threshold will be reviewed by Government after 12 months.