In four days time the nation will vote on who will lead our country for the next three years.
(Well which party at least. We never quite know who the leader is going to be do we?)
One issue that might just decide it for hundred of thousands of Australians is the very issue that they juggle with daily – child care.
Figures out today based on modelling by the Australian National University show large differences between the financial impact of the Coalition and Labor’s policies, depending on your household income.
Advocacy group The Parenthood commissioned the research. Via IStock.
The ANU analysis found that lower income families and those on very high incomes would be better off under Labor, while families with incomes between $110,000 and $150,000 would benefit under Malcolm Turnbull's policy.
Advocacy group The Parenthood commissioned the research to examine the combined impact of both parties' childcare policies and changes to family payments over 2017 and 2018.
Families on very low incomes would be up to $2395 better off a year under Labor than they would be under the Coalition, the modelling found.
Executive Director of The Parenthood, Jo Briskey said that families would be disadvantaged by the Coalition’s childcare reforms in the 18 month delay in start date and proposed cuts to family payments the Coalition says are needed to pay for them.
“The reality is all families will be better off overall under Labor because their support for childcare costs come in from 1 January 2017 - a full 18 months before the Coalition plan to do anything,” Ms Briskey said.
The research found that families with incomes above $100,000 a year and paying high fees for full time childcare are much better off under the Coalition.
“Families under these scenarios would be as much as over $6,000 a year better off under the Coalition."Ms Briskey said.
“But at the same time, a working family on $70,000 paying $80 a day for full time childcare will be over $1,200 a year worse off under the Coalition."
"All families will be better off overall under Labor." Via Getty.
ANU researchers Ben Phillips and Cukkoo Joseph studied a number of “typical family” types over the next two years, 2017-18 and 2018-19.
They looked at:
- Two-parent family, both working, two children, one child in two days of long-day care, one child in primary school,
- Two-parent family, both working, two children, one child in five days of long-day care, one child in primary school,
- Two-parent family, at least one not working, two children, one child in two days of long-day care, one child in primary school (will fail the Coalition’s activity test),
- Single parent, working, two children, one child in two days of long-day care, one child in primary school, and
- Single parent, working, two children, one child in five days of long-day care, one child in primary school.
They found, for example that a two parent family with a combined income of $60,000 and a small child in long daycare for five days a week and another in primary school would be $1644 a year better off under Labor in 2018 if their centre charges $80 a day. The same family would be $1192 a year better off under the Coalition if their centre charges $120 a day.