Working families with kids in child care are struggling right now. Families know how expensive and difficult the child care system is to navigate.
Australians pay some of the highest child care costs in the world.
In fact, fees have increased more than 35% under the Liberals.
The way the current system is designed means many women actually lose money if they work more than three days a week.
That’s why Labor will reduce the cost of child care. Our policy will:
- Scrap the $10,560 child care subsidy cap which often sees women losing money from an extra day’s work;
- Lift the maximum child care subsidy rate to 90 per cent; and
- Increase child care subsidy rates for every family earning less than $530,000.
Labor will keep working to fix Australia’s broken child care system, which currently locks out more than 100,000 families because they just can’t afford it.
The Productivity Commission will conduct a comprehensive review of child care with the aim of implementing a universal 90 per cent subsidy for all families.
The ACCC will design a price regulation mechanism to shed light on costs and fees and drive them down for good. The ACCC will also examine the relationship between funding, fees, profits and educators’ salaries.
We will make it easier for mums, children and working families to get ahead. No family will be worse off.
Will you pledge your support for Labor’s Cheaper Child Care Policy and help us make it a reality?
For more information about our plan, read the detail here.