Making Childcare More Affordable And Boosting Workforce Participation

On 2 May 2021, the Government announced that it will make an additional $1.7 billion investment in childcare as part of the Federal Budget 2021–22. 

As part of the Federal Budget 2021–22, and starting on 1 July 2022, the Government will: 

• increase the childcare subsidies available to families with more than one child aged five and under in childcare, benefitting around 250,000 families; 

• remove the $10,560 cap on the Child Care Subsidy, benefitting around 18,000 families. 

More information can be found here.

The information in this blog is intended only to provide a general overview and has not been prepared with a view to any particular situation or set of circumstances. It is not intended to be comprehensive nor does it constitute advice. While we attempt to ensure the information is current and accurate we do not guarantee its currency and accuracy. You should seek professional advice before acting or relying on any of the information in this blog as it may not be appropriate for your individual circumstances.

At Harris Black, we’re driven by a simple focus: we help; you achieve.

Click here to find out more about Harris Black’s approach and how they can help you achieve your financial goals.

logo