Education

Aged care means-tested funding refers to the system used in Australia to determine how much a person contributes to the cost of their aged care, based on their income and assets. The system applies to both residential aged care (where a person lives in …

An Australian real estateInvestmenttrust (A-REIT) is a listed managed investment trust that owns and manages a portfolio of income-producing property. A-REITs invest in a wide range of property types, including office buildings, retail centres, industrial warehouses, healthcare facilities, hotels and residential developments.

The Commonwealth Seniors Health Card (CSHC) is a concession card provided by the Australian Government to self-funded retirees of Age Pension age who do not qualify for the Age Pension due to the means tests. It allows holders to access certain Commonwealth concessions, most …

Commercial investment property includes non-residential properties such as office buildings, retail shops, industrial warehouses, medical centres, childcare centres, and other premises leased to businesses or organisations. It differs from residential investment property in tenant type, lease structure, risk profile and management requirements.

A combination RAD and DAP payment is a structure for paying residential aged care accommodation costs that involves paying part of the cost as a Refundable Accommodation Deposit (RAD) and the remaining unpaid portion as a Daily Accommodation Payment (DAP). It allows residents to …

A managed fund is a pooled investment vehicle in Australia where investors' money is combined and managed professionally by a fund manager according to a defined investment strategy. The fund manager makes decisions about what to buy and sell within the fund's mandate, with …

Pooled longevity products in Australia include group self-annuitisation (GSA) products, certain innovative lifetime income streams offered by APRA-regulated super funds, and other emerging designs. They are part of a broader response to the challenge of providing affordable, sustainable lifetime income for Australian retirees.