It’s around this time of year, February-March onwards depending on your circumstances, that most families are slugged with childcare fees twice what they are during the first part of the year.
The Child Care Rebate, 50 per cent of your childcare fee capped at $7,500 per child, tends to run out well before the end of the financial year for most families.
Child care costs are a critical issue for working families, and according to a report by the ABC analysing figures from the Education Department, it’s major factor in marginal seats.
That’s no surprise.
Affordable and quality child care is what allows (mostly) women to work and to support their families, as well as stay connected to the workforce and increase their future earnings power and superannuation.
It’s also a critical part of our nation’s productivity – if only one parent for each family works, it would have a massive downward impact on our economy.
But mostly, child care is just really bloody expensive and families are looking for a bit more help than they’re getting now.
Today, the ALP announced their child care policy.
The Coalition’s existing child care policy announced during the 2015 Budget won’t change between now and the election, a spokesperson for the Government confirmed to Mamamia today.
Here’s everything you need to know.
Simplifying the system.
Anyone involved in child care knows that the child care subsidies are complicated to understand, apply for and administer.