With the 2016 federal election tomorrow, one of the biggest issues for many voters has finally been broken down into palatable, easy to understand bites thanks to The Project and Waleed Aly.
Talking about the hot topic on Thursday night, Aly began, “Ask any parent and they’ll tell you it’s not easy getting your kid into childcare – expensive once you do and bloody confusing when you’re trying to work out what rebates you’re entitled to.”
And despite both parties having $3 billion in election promises to their names, the Coalition and Labor’s policies are remarkably different.
As a refresher, the current child care system allows parents to access the means tested child care benefit (CCB) and a non-means tested child care rebate (CCR).
"The current system is unnecessarily complicated," Early Childhood Australia CEO Samantha Page told Aly. "It's confusing both for the parents and for service providers."
So, what are the parties offering?
Malcolm Turnbull. Source: Getty.
"The coalition is taking a long-term approach following recommendations from the Productivity Commission to overhaul the child care rebate system to make it simpler," Aly explained.
Turnbull plans to combine the CCR and CCB and have one means test for both.
"At one end families with incomes under $65,000 could have 85 per cent of their childcare costs covered. Wealthier families with incomes of $340,000 and above could claim at most 20 per cent of their costs. Also a cap of $10,000 would apply for families earning more than about $180,000," Aly continued.
Because the plan is so major, it wouldn't be in place until July 2018.