Bill Shorten announces a $4 billion injection into childcare
Michael is joined by Chiang Lim, CEO Australian Childcare Alliance New South Wales, to discuss Bill Shorten’s announcement yesterday that if Labor wins the upcoming election it would spend $4 billion helping nearly 900,000 families struggling to pay child care bills.
Mr Shorten says his proposal will cut annual costs for child care by up to $2100 per child for families earning up to $174,000 a year.
Commencing from July next year at a cost of $4 billion over three years, his pledge to assist 887,000 families will also include the Australian Competition & Consumer Commission being instructed to monitor “excessive fee increases” by child care businesses to prevent prices going up to gouge the extra assistance to parents.
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