Cheaper Child care through Subsidies

https://www.alp.org.au/policies/cheaper-child-care

Surely the increased subsidies are going to have a significant positive impact on numbers?

An Albanese Labor Government will reduce the cost of child care and make it easier for mums, children and working families to get ahead.Labor will:Lift the maximum child care subsidy rate to 90 per cent for families for the first child in care;Increase child care subsidy rates for every family with one child in care earning less than $530,000 in household income;Keep higher child care subsidy rates for the second and additional children in care;Extend the increased subsidy to outside school hours care.96 per cent of Australian families will be better off under Labor’s child care reforms – 1.26 million families.We’ll also get the ACCC to design a price regulation mechanism to drive out of pocket costs down for good, and the Productivity Commission will conduct a comprehensive review of the sector with the aim of implementing a universal 90 per cent subsidy for all families.Labor will also develop and implement a whole of government Early Years Strategy to create a new integrated approach to the early years and develop of program of action.Labor will invest approximately $5.4 billion to make child care cheaper, starting from July 2023.




Really - DYOR