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A new childcare policy that makes the service cheaper for quarter of a million families is under fire because it will not kick in for another year. In the May 11 budget the government will increase subsidies for a family s second child up to 95 per cent and remove the annual $10,560 cap on the Child Care Subsidy. The government says the policy, which will cost taxpayers $1.7billion and is estimated to benefit 250,000 families, will not kick in until July 2022, more than a year from now, and will not benefit parents with only one child in care. Australian Treasurer Josh Frydenberg (right) speaks to a family during a visit to Narrabundah Cottage Childcare Centre in Canberra ....
Government childcare boost gets tick of approval Save Share A $1.7 billion childcare boost in this monthâs federal budget has been given the tick of approval by leading advocates, and the government has left open the door to more support before the next election. Pitched as an investment to boost workforce participation, the changes are expected to add 300,000 hours of work a week, equivalent to about 40,000 extra work days, adding $1.5 billion a year to gross domestic product. Treasurer Josh Frydenberg says the measures are an investment in making the economy stronger and boosting female workforce participation. Â Alex Ellinghausen âTodayâs measures are proportionate, theyâre targeted and theyâre an investment in making our economy stronger and boosting female workforce participation,â Treasurer Josh Frydenberg said on Sunday. ....