Budget Impacts on Child Care

Stories

|June 8, 2017| 4mins

The 2017 Federal Budget has been announced and in line with changes outlined in the Jobs for Families Package.  From the 2nd of July 2018, the complicated system of the Child Care Benefit (CCB) and the Child Care Rebate (CCR) has been replaced and streamlined.  The funding for child care has been increased but will be delivered differently. Full Release Here.

Families with children in care can expect the following changes:

  • The Budget includes an additional $37.3 billion for child care over three years and this will be distributed as a single means tested subsidy which will replace the current Child Care Benefit and Child Care Rebate.
  • Under the single payment system there will be no cap on the rebate for families using child care who earn $185,710 or less. For families earning more than $185,710 the rebate will be capped at $10,000 per year per child.
  • Families earning a combined income $350,000 or more per year will not be eligible for the new child care payment.