Great news for many young families who receive the Child Care Subsidy.
The Australian Government has removed the annual cap of $10,655 per child per financial year for families earning more than $190,015.
This change is effective from 10 December 2021 and is backdated to the start of the 2021-22 financial year.
Services Australia will automatically reassess your CCS entitlement and back pay you if your cap was already reached before 10 December.
There is more great news on the way!
From 7 March 2022, Services Australia will also increase CCS for eligible families who earn less than $354,305 and have more than one child in child care aged 5 or younger. You don’t need to do anything as the changes will be automatically applied.
For further information on the subsidy changes please visit the Department of Education, Skills and Employment website, contact your usual Mazars advisor or alternatively contact one of our specialists:
Published: 21 December 2021
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