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Increased Child Care Subsidy brought forward

The start date for the additional subsidy for families with two or more children in care has been brought forward from 11 July 2022 to 7 March 2022.

Families with two or more children aged five years and under in care will have their CCS rate increased by 30% for their second child and any younger children, up to a maximum rate of 95%.

The $10,655 annual CCS cap will also be scrapped on 10 December 2021 and applied retrospectively for the whole 2021-22 financial year. Anyone who reaches the cap before this date will have any additional out-of-pocket costs for the 2021-22 financial year reimbursed.

The measures were part of the 2021-22 Budget and enacted by the Family Assistance Legislation Amendment (Child Care Subsidy) Bill 2021.

More information

Disclaimer: The material and contents provided in this article contains general information and does not take into account your personal objectives, financial situation or needs. It is not intended to be advice and you should not act specifically on the basis of this information alone. If expert assistance is required, please contact Peer Wealth on (02) 8014 7608.



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