Childcare Market In Australia – Government Funding

• “Jobs for Families” package will come into effect from 1 July 2018 providing an additional $3.5 billion in funding to the early learning sector

• Aimed at low to middle income families, with no cap for families earning less than $185,710. Over this amount the subsidy percentage decreases with the cap reducing to nil for families with income over $340k

• 94% of families which meet the tighter activity test are expected to be better off under the “Jobs for Families” package with only 2% of families (earning above $340k) to be worse off

• Estimated savings for a family earning $100k per annum under the new funding is $6,185* per annum

Slide 1: “Table” Funding examples
Slide 2: “Impact of combined family income on subsidy rate” Source: Department of education and Training, 30 November 2017

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