FOI 26-2039 – RAD Support Loan Program

Written by Claude Haiku 4.5 from the extracted text on 27 Feb 2026. It can miss or misread redacted and scanned pages. Check the source before relying on it.

This document reveals the Department of Health and Aged Care's Refundable Accommodation Deposit (RAD) Support Loan Program, which provided emergency financial assistance to aged care providers. Of 14 applications requesting $122.7 million, only 2 providers ultimately entered loan agreements, accessing $10.6 million total ($7.6 million and $3 million). Five applications completed financial assessments; three passed assessment and were recommended, but only two proceeded to formal loan agreements. Two applications failed assessment, and six were withdrawn. By 2024-25, the program had received $9.1 million in repayments against the $10.6 million disbursed. The program's budget allocation of $128.8 million in 2021-22 remained largely undrawn, with no subsequent budget allocations for 2022-23 onward, indicating the initiative was effectively concluded after its initial operational year