Australian families and working mums win as childcare cuts fast-tracked – Kidspot
On the eve of NSW’s Freedom Day, the has a major announcement for all young .
Cuts to the cost of childcare will kick in from March 2022, instead of July, as planned, meaning families with one child in care will receive a 95 percent fee subsidy for any additional children.
The Federal Government’s incentive was fast-tracked after the eastern states of Australia were once again plunged in-and-out of , with Prime Minister Scott Morrison hoping the changes will boost the economy by getting mums back into the workforce.
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The Australian Government has fast-tracked plans to dramatically subside childcare fees for most Aussie families. Source istock
‘More than half of eligible families will receive the maximum 95% subsidy’
“The additional subsidies for families with two or more children in care were due to start on 11 July 2022, but the Morrison Government has been able to work across Departments and service providers to make necessary technical changes sooner,” Education and Youth Minister, Alan Tudge’s office revealed on Sunday.
“Families with two or more children aged five years and under in care will have their CCS rate increased by 30 percentage points for their second child and any younger children, up to a maximum rate of 95 per cent.
“More than half of eligible families will receive the maximum 95 per cent subsidy.”
Minister Tudge said: “These changes are good for families and great for the economy, and it’s significant that we are able to deliver them sooner.
“Removing the cap and increasing subsidies means more parents, particularly mothers, can return to work or take on more hours if they choose to.”
Cuts to the cost a childcare will kick in from March, instead of July 2022 as planned, meaning families with one child in care will receive a 95 percent fee subsidy for any additional children. Source: istock
An incentive for women longing to reenter the workforce
The Member for Aston, Victoria, added: “There are 280,000 more children in child care than when we came to office and this additional support will take our total investment to $11 billion a year.
“Importantly, our support is targeted to those who need it most. We are reducing the out-of-pocket child care costs which really add up when you have two, three or more children in care.”
Minister for Women’s Economic Security Senator Jane Hume was thrilled with her government’s commitment to enticing women back into the workforce after having children.
“Treasury estimates the additional subsidy will mean the equivalent of 40,000 parents are able to work an extra day per week, boosting the economy by up to $1.5 billion per year,” she said.
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