Australian families set to be thousands of dollars year better off under childcare system
“These changes will deliver more support for more families,” Minister Birmingham said.
Many Australian families are set to be thousands of dollars a year better off under the Turnbull Government's new childcare system, new data has revealed.
Minister for Education and Training Simon Birmingham said based on the income data and other details from families that have made the switch to the new system ahead of its start on 2 July, family budgets are set to be around AUD 1,333 a year better off on average per child.
"These changes will deliver more support for more families," Minister Birmingham said.
"Relief is on the way for families who have been struggling with the cost of childcare, as long as they register for The Turnbull Government's improved system.
"Based on the data of people that have made the switch to our new system ahead of the 2 July start date, a family with two children could be $2,666 a year better off on average.
"The Turnbull Government's sweeping reforms to child care are set to put more money back in the pockets of working Australians.
"Child care fee relief for many families is just three weeks away, with more than 800,000 Australian families already making the switchover to the new system.
"While many families are set to be hundreds if not thousands of dollars a year better off, transitioning to the new system isn't automatic and families need to make the switch to the new system through myGov. We're urging families don't delay, update your details today.
"By sticking to our plan for a stronger economy were able to guarantee the essential services Australians rely on including child care. It means reforming the childcare system so that it's working for families, rather than families having to work around the child care services they can afford.
"Altogether our changes are set to benefit nearly one million families and it is estimated around 230,000 families with increasing their workforce participation.
"The Turnbull Government's reforms represent a comprehensive overhaul to a child care and early learning system that Australians know is broken.
"Our reforms include $2.5 billion in extra investment as well as reforms retargeting subsidies to people working the most and to families earning the least, abolishing the $7,613 annual rebate cap for most families and introducing an hourly rate cap to help put downward pressure on fee increases."
"Our reforms to childcare combined with our support for preschool are about ensuring more families get more support and that children get valuable early learning opportunities."
"The Turnbull Government's significant reforms highlight that, despite their negativity, the Labor Party still refuses to outline an alternative to our improved model of supporting families with childcare costs, even with just weeks to go until by-elections across the country."
Families risk disrupting their child care subsidy payments unless they make the switch to the new system before 2 July by visiting www.education.gov.au/childcare or through myGov.