The Principles of Quality of Care contain a detailed description of certain types of services that must be made available to residents based on their health and accommodation status in the facility. These services are – Do you have any special supplements that you want to include in your residency contract? Tell us in the comments below. Practitioners should indicate to residents that they are also entitled to routine information on accommodation obligations during care: s23.42 Principles of Users` Rights. In this way, residents can check their bond balance at any time to ensure that the authorised operator complies with its obligations. You can also ask your family, friends, guardians or a lawyer to help you understand the terms of your agreements. When a resident pays a shelter guarantee when entering a retirement home, the repayable amount of the loan – called the accommodation loan balance – is not taken into account as part of the pension asset test: ss11 (3B) and 1118 (1) (u) Social Security Act 1991 (Cth). The only representative authorized to sign a resident agreement on behalf of a resident is a guardian authorized to make decisions regarding a person`s accommodation and the services they receive. However, a resident agreement should also be signed by a financial decision-making authority or a financial administrator or manager. The purpose of this article is to provide practitioners with an overview of the issues that should be considered when a potential resident or parent seeks advice on entering institutional care, particularly with respect to residency agreements. There are a number of issues that are mandatory for entering into a care contract – The Aged Care Act 1997 (Act) states that a provider must give an accommodation/resident agreement (agreement) to all potential residents or their representatives before entering the care. The agreement states that the person must choose to pay the housing payment or accommodation fee through daily payments (DAP), a refundable deposit (RAD) or a combination of both within 28 days of entry. . .