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Childcare win as federal Budget promises 95 per cent subsidy and subsidy cap lifting


Working parents with two children aged under five could soon be paying as little as $6 a day in childcare fees as part of the federal 2021-22 Budget.
Treasurer Josh Frydenberg announced on Sunday a $1.7billion package that will bring in several sweeping changes to the childcare system.
Among the changes include providing a 95 per cent subsidy for second and subsequent children aged five and under, and lifting the $10,000 subsidy cap for high-income earners. 
Mr Frydenberg said the changes would not only be a massive help to hundreds of thousands of families, but also boost the number of people returning to the workforce.  ....

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