Method of Calculation

• Singles 30% of the Single Aged Pension
  (to the nearest 5 cents)
• Couples 25.5% of the Couple Aged Pension
  (to the nearest 5 cents)

Note: The pension amount used in the fee calculations above excludes the 2% GST compensation component.
Recurrent Charges will only increase in line with increases in the aged pension.

What is covered by the Recurrent Charges?

The Recurrent Charge covers costs relating to:
- Council and water rates
- Building insurance
- External building and grounds maintenance
- Not covered by these fees are electricity, gas, telephone, Pay TV and personal contents insurance.

IRT also takes responsibility for:
Ongoing maintenance of units including fixtures and fittings supplied by IRT (such as white goods, light fittings, carpets etc, details of which are available in the Macarthur Village marketing brochure and is specified in the Residence Agreement).

This Information is current as at June 2008 and is subject to change.