Australians pay some of the highest childcare costs in the world.
The cost of childcare has never been higher than it is now.
Fees have increased by 41 per cent since the Liberals came to government. Over the past 12 months, childcare costs soared by 6.5 per cent – almost double the rate of inflation.
A Federal Labor government will take real action on affordable childcare. Federal Labor will:
- Lift the maximum child care subsidy rate to 90 per cent for families for the first child in care;
- Increase child care subsidy rates for every family with one child in care earning less than $530,000 in household income;
- Keep higher child care subsidy rates for the second and additional children in care;
- Extend the increased subsidy to outside school hours care.
Federal Labor will invest $5.4 billion to make child care cheaper, starting from July 2023.
See how much your family will benefit with Labor’s plan
Labor’s higher subsidy for the first child in care means all families up to $530,000 in household income will be better off. Families with two or more children will continue to receive a higher subsidy rate for second and subsequent children, or the rates above, whichever is higher.
Learn more about how much your family will save here.