GEM is well placed to benefit from political tailwinds. Libs and...

GEM is well placed to benefit from political tailwinds. Libs and ALP will both up talk funding going into the next election.

Labor leader Anthony Albanese is now promising a new childcare rebate offering savings for families earning up to $500,000 who are currently cut off from claiming any childcare rebates.He’s also promising to consider moving to a Medicare-style universal childcare subsidy for all workers, regardless of income, that would cover 90 per cent of childcare costs.In the medium term, he’s promising 90 per cent for low income earners and a more generous rebate for all that will deliver savings to 97 per cent of families.