Ads
'Cheaper' childcare laws pass through Parliament
| 23.11,22. 02:05 PM |
'Cheaper' childcare laws pass through Parliament
New childcare laws have passed through Parliament, with Prime Minister Anthony Albanese pledging they will leave over one million families better off.
Cheaper childcare was one of Labor's key election pledges, and subsidy increases were laid out in the new government's October budget.
From July 2023, the subsidy will lift from 85 per cent to 90 per cent for families with a combined income of less than $80,000.
That subsidy will drop by one per cent for each additional $5000 of annual income, until it ticks down to zero at $530,000.
For example, a couple with a combined income of $120,000 would receive an 82 per cent subsidy, up from the current 71 per cent.
"We've just passed new laws to make child care cheaper for more than one million Australian families, starting from July next year," Albanese announced on Twitter this morning.
Labor's budget also included a promise for the consumer watchdog ACCC to undertake a 12-month inquiry into what drives childcare prices, along with a commission into improving affordability.
The government suggested a 90 per cent universal subsidy could also be on the table.
Other News
Major fuel stop between Queensland and NT closes indefinitely after serious kitchen fire
The Smith Family says details of around 80,000 donors may have been exposed in hacking attack
RBA governor Philip Lowe warns Australians to brace for higher inflation, lower growth
Man caught car surfing through Brisbane's nightclub district 'deeply sorry'
Deadly Victoria police arrest shooting preventable, coroner finds
Local governments in Sydney call for cash to fix potholes
Evacuation orders issued in Deniliquin and Moulamein as record flood peak reached at Condobolin
Australia Post restarts international sea mail ahead of Christmas
Hundreds call for help as wild winds smash south-east Australia
Melbourne teenager charged after allegedly stabbing boy
Eleven children, one adult, taken to hospital after explosion at Sydney primary school
Woman dies after alleged stabbing at Perth hotel
Man dies from stab wound at Sydney hospital
NSW floods: Euabalong evacuation routes cut, Forbes flood level recedes
More stolen Medibank data released, containing information about mental health and chronic conditions
Out-of-pocket client claims he caught tradie having sex on the job
Cyclist dies after being hit by van in Melbourne
Storms to hit flood-ravaged NSW central west as emergency flood warnings remain in place
Body found in search for missing man in flood-hit NSW town
NSW Premier agrees to five days free rail travel next week to stave off industrial action
NSW Central West floods from above: Aerial photographs highlight force of the floodwaters
Email invoice scam targets Victorian farmers, with 'insane' amounts of money lost to criminals
Teen dies in hospital days after horror crash in Sydney's north
Woman killed, man injured after tree falls on car north-west of Melbourne
Third person feared missing in floodwaters in Eugowra
Flood waters thought to have peaked at Forbes, hundreds of Eugowra homes left damaged
Which banks have passed on the November RBA rate rise to mortgage borrowers? What's in it for savers?
Body found at Eugowra, as flooding at Forbes set to hit 70-year high
Flooding at Forbes set to hit 70-year high as 14 people rescued from pub roof
Alice Springs is facing a big clean-up after a three-minute 'microburst'. So what are they, ?and why do they happen