Australian Treasury
To cut the cost of living for around a quarter of a million families and to help boost workforce participation, the Morrison Government will make an additional $1.7 billion investment in child care as part of the 2021-22 Budget.
The investment will add up to 300,000 hours of work per week which would allow the equivalent of around 40,000 individuals to work an extra day per week and boost the level of GDP by up to $1.5 billion per year.
The changes deliberately target low and middle income earners with around half the families set to benefit having a household income under $130,000.