Cheaper Childcare Locked in For Barton

The Albanese Labor Government’s Budget has locked in cheaper childcare for 7100 families in the Barton electorate.

More than 1.2 million families will benefit from higher childcare subsidies under the $5.4 million package, which comes into effect from July 1, 2023.

Labor’s cheaper childcare policy benefits families by:

• Lifting the maximum subsidy rate to 90 per cent for the first child in care;

• Maintaining higher subsidy rates for subsequent children in care;

• Extending increased subsidy rates to after school care;

• Increasing subsidy rates for every family with one child in care earning less than $530,000 in household income.

The maximum 90% subsidy rate kicks in for families earning $80,000 or less.

Middle income households will also benefit from significant savings. For example, a family earning $120,000 with one child in early education and care will be more than $1700 better off with the subsidy rising from 69.19 per cent to 82 per cent. 

Quotes attributable to Member for Barton Linda Burney:

“Labor’s cheaper childcare policy delivers targeted cost of living relief and flexibility to working families in Barton.

“Childcare costs have increased 41 per cent in the past eight years and Labor is determined to remove this barrier to workforce participation.

“This Budget delivers responsible cost of living relief to families including six months paid parental leave by 2026, cheaper medicines and more affordable housing through our Housing Australia Future Fund and new National Housing Accord.”