Around 23-thousand Gold Coast families are set to benefit the most from the Federal Government’s new child care subsidies.
Three local electorates have been included in a list of the suburbs where parents will pocket the biggest savings from the measures, to be introduced on July 2 2018.
The regions are Forde (Ormeau Hills, Upper Coomera, Waterford and parts of Logan), Fadden (Arundel, Biggera Waters, Helensvale, Hope Island, Jacobs Well, Labrador, and Runaway Bay) and McPherson (Tallebudgera Valley, Mudgeeraba, Merrimac and Burleigh Heads).
ARTICLE CONTINUES AFTER THIS ADVERTISEMENT
“Across the mortgage belts of Australia hard working families will be able to breathe a little easier knowing that more support for child care fees is just around the corner,” Minister for Education and Training Simon Birmingham said.
“Almost one million families will benefit from our additional $2.5 billion investment and increased subsidy, our new hourly rate cap to put downward pressure on fee increases and the end of the $7,613 annual rebate cap,” Minister Birmingham added.
The child care overhaul is designed to provide the greatest hours of support to the families who work the longest hours, and the greatest subsidy and financial support to the families who earn the least.
“Many of the families I hear from who are struggling the most with child care costs, live right in the areas this analysis shows are set to see the biggest benefits.”
“Child care costs shouldn’t dictate when or how much parents work. Our child care reforms will empower more parents to choose the hours or days of work that best suit the needs of their families.
“It is estimated that our reforms, which give preference to parents who are working, studying or volunteering, will see more than 230,000 families increase their involvement in the workforce,” Minister Birmingham said.
You can use the child care estimator to find out how you may benefit.
Changes in a nutshell:
- Increase to the base subsidy from around 72 per cent to 85 per cent for families earning around $65,000 or less a year.
- Low and middle income families, earning up to around $185,000, will no longer be limited by an annual $7,613 cap on the amount of subsidised child care they can access.
- Families earning more than around $185,000 will also benefit from an increased cap of $10,000.