Awesome news for many young families who receive the Child Care Subsidy

Written By Kamil Qureshi - Consultant
 

The Australian Government is making changes to the Child Care Subsidy. The 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.

If a family has already reached the CCS annual cap before 10 December, their CCS may have stopped. Services Australia will automatically reassess their CCS entitlement for this time. They will back pay CCS for affected sessions of care.

Furthermore, from 7 March 2022, Services Australia will also increase Child Care Subsidy for eligible families who earn less than $354,305 and have more than one child in childcare 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, or contact one of your trusted advisors at Cordner Advisory on 07 5504 5700.

Cordner Advisory - Your Business Advisory, Accounting & Tax Specialists. Catering for clients all across Australia, from the golden beaches of the Gold Coast and Sunshine Coast to the capital cities such as Brisbane, Sydney and Melbourne

Two children playing with cubes on the floor, symbolising the financial relief brought by the Child Care Subsidy, a service area of Cordner Advisory Broadbeach, Gold Coast.

Unlock the benefits of the Child Care Subsidy with Broadbeach tax accountants from Cordner Advisory. Our expert team is here to guide you through maximising your savings. Contact us today.

 
Kamil Qureshi - Consultant

Kamil is a Bachelor of Commerce graduate and is a qualified Accountant with multiple years of experience in Australia’s top 10 Chartered Accounting firms. He is currently studying towards his CPA. Kamil specializes in business advisory and has a sound knowledge of Australian Taxation Law.

He has been advising and assisting many small to medium businesses across a range of industries. He works with a positive attitude and puts his clients’ needs first and provides assistance in any way he can. He enjoys the challenge of researching complex matters and has assisted many clients to find optimum solutions for their business’s taxation issues. Being multi lingual, Kamil has been a resourceful asset to the firm when it comes to engaging with our clients from overseas.

https://cordner.com.au/team/kamil-qureshi
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