All You Need To Know About Child Care Subsidy

A little boy wearing a hat

In 2019, the cost of raising your child well has risen on the charts. The weekly child-care payment for parents whose children are aged below 15 was $138 on an average back in 2010. Families spend 7.8% of their monthly income just on child care. Today, these costs have risen further, a reason you need to look at child care subsidy.

Child care subsidy

The Benefits of Child Care Subsidy

High-quality child care will always be expensive. You cannot compromise with the quality of child care because the effects will show in how your children are brought up. Studies have shown that expensive higher-quality child care makes a much larger positive impact on children than cheap child care.

If you want to raise your child well, it is imperative that you plan your finances well. The Australian Government is willing to give you a helping hand. With that added boost to your finances, you will be able to give your kids the childhood they deserve.

How does Child Care Subsidy work?

The Government gives the Child Care Subsidy in order to help families with their child care fees. The programme was launched back on 2nd July 2018 and has since then received a lot of support from parents all over the country. The Child Care Subsidy programme was introduced to substitute the Child Care Benefit (CCB) and Child Care Rebate (CCR) programmes. It replaced these two programmes with a single, means-tested subsidy that would be more convenient for parents to collect.

The money is directly given to the childcare providers so that it can then be passed on to the families who can use the money accordingly. The Child Care subsidy system is simpler than the earlier multi-payment system. Moreover, it is able to provide adequate help to low and middle-income families.

Child Care Subsidy Eligibility:

If you want to receive Child Care Subsidy for your child, then you have to satisfy certain conditions. In order to be eligible for the funding, the following must be kept in mind.

  • The age of the child must be 13 or lesser. He or she must not be attending secondary school. Exceptions are made for children some kind of a disability or medical condition.
  • The child must satisfy all the immunisation requirements as laid down by the Government.
  • The parents must meet the residency requirements that have been mentioned in the legislation.
  • The individual should have the ability to pay for the care provided in order to get the Child Care Subsidy.
  • The parents will have to use an approved child care provider.

Child Care Subsidy Determinants:

The Government takes three factors into account when deciding how much Child Care Subsidy a family is entitled to:

  • Combined annual family income
  • The activity status of both parents
  • The kind of child care service

Take advantage of the child care subsidy facility today!

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