About 7,400 local families in her electorate of Werriwa will benefit from more affordable early education, says MP Anne Stanley.
The passing of the legislation in parliament means that around 96 per cent of all families with a child in early childhood education and care will benefit.
Ms Stanley says the legislation means that from July 1 next year the childcare subsidy for families earning $80,000 or less will increase to 90 percent.
A family on a combined income of $120,000 with one child in care will be $1,780 better off in the first year under the reforms.
“This is delivering real cost of living relief while boosting productivity,’’ Ms Stanley said.
“It means parents, especially mums, can work more paid hours if they want to.
“That means more money in the pockets of families.’’
Treasury modelling shows that this will deliver the equivalent of up to 37,000 workers to the economy in the first year.
The first five years of a child’s life are vital to brain development, says Anne Aly, minister for early childhood education.
“That’s why we’re making early childhood education more affordable and boosting the number of subsidised hours available to First Nations families.
“These changes will provide household budget relief for families struggling with the rising cost of living, while also improving the economic security of women. “More affordable early childhood education and care means more children can access the health and education benefits of foundation years learning.”
