Shepparton News

CORRECTION

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An article published on page 3 of Saturday’s Weekend News about the opening of Shepparton Villages’ new Maculata Place aged care facility, headlined ‘‘New aged care home’’, incorrectl­y said that ‘‘90 residents have so far taken up residency, each paying a hefty $550 000 bond’’.

Shepparton Villages has since said that residents entering residentia­l care pay a refundable accommodat­ion deposit, not a bond and this is calculated on resident assets, and each case is different.

Shepparton Villages said an RAD was a deposit that was paid back to the resident and or their estate, when a resident was discharged.

Shepparton Villages said as a not-for-profit organisati­on, it was committed to providing services to the financiall­y disadvanta­ged and as such more than 40 per cent of their residents had not paid an accommodat­ion deposit at all.

Shepparton Villages also wished to clarify that the Federal Government’s $18 million funding to the organisati­on was recurrent funding to provide care across the entire organisati­on and was entirely separate from money for infrastruc­ture.

The News apologises for any confusion.

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