peoples - the increase in the rebate was announced with the ALP's policy launch last year - it is old news.
as far as bringing more money in - it certainly will, as with any govt handout, those indirectly benfitting are those who take advantage and increase their fees to take a large part of the rebate.
without the child care rebate, child care fees would be much lower.
look at the maternity payment (commonly called baby bonus).
as every mum receives $5k, all the specialists associated with childbirth can increase their fees as every mum can pay, using this bonus. if the bonus didnt exist, the fee would be substantially less.
ask anyone who has had a child in the period pre 2001 and another since 2004 about the hike in fees.
- Forums
- ASX - By Stock
- ABS
- increase child care tax rebate just announced
ABS
a.b.c. learning centres limited
increase child care tax rebate just announced , page-7
Featured News
Add ABS (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online