Women are at the heart of Labor’s plan to kickstart the economy and get Australians back to work.
An Albanese Labor Government will introduce the Working Family Childcare Boost to cut child care fees and put more money into the pockets of working families, straight away.
Child care fees in Australia are some of the highest in the world. Under this plan, Labor 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 and taper them for every family earning less than $530,000.
This means 97 per cent of all families in the system will save between $600 to $2,900 a year. No family will be worse off.
Importantly, 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 the sector 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 examine the relationship between funding, fees, profits and educators’ salaries.
Taxpayer dollars spent on child care should flow directly through to savings for Australian families.
The Coalition’s system has failed parents – particularly women. It has created a financial disincentive for many second wage earners to work full time, or even increase their hours.
On top of that, since this Government was elected in 2013, child care fees have skyrocketed by almost 35 per cent. Now, families pay on average $3,800 more per year.