Correct formula for calculating CCB amount?

[AnyDream]

Can someone please point me in the direction of working out how much my CCB amount should be in a dollar amount since July 1?

I thought it should be XX/100 * $5.0399 * Number of hours of care
where XX is my CCB percentage and $5.0399 is the scheduled per hour rate that CC is paid on?

I need to work this out because with the introduction of the CCR being paid to the provider, it seems the office is in chaos - their sums don't even add up on the statement (!)

[~mamaspice~]

Sorry MD, I'm not entirely sure on the formula, but I thought it was your daycare centre/ home daycare hourly rate, less the %age of the scheduled fee you are entitled to. Bearing in mind that you may have a maximum # of hours of eligible care.
I just get on the online rater on familyassist.gov.au to work it out

[AnyDream]

Yep, well within our maximum hours.

[Floweryfields]

MD you need this link:
http://www.deewr.gov.au/Earlychildho...date040511.pdf
Page 149 for the formula for LDC, next page for FDC.
You need to go to page 154 for you part time loading (dependent on how many days per week you use).
The current hourly rate is 3.78 per hour.

Hope that helps!

[~mamaspice~]

The current hourly rate is 3.78 per hour.

I did think the hourly rate was under $4 but I figured it may have increased.

[Floweryfields]

I did think the hourly rate was under $4 but I figured it may have increased.

It did increase by 10 cents an hour from 3.68 - woohoo! Last decent rise was the last financial year the Liberals we in - it was something like $1.50 per hour.

[~mamaspice~]

Don't forget they'll only refund 85% of your out of pocket expenses to the provider and will give you the rest at the end of the financial year.

[Floweryfields]

I believe you can choose either the 85% or 100% method? I have parents getting either one or the other.

[AnyDream]

Thanks very much for that link.

I'm having a hissy right now, because i've just found the standard hourly rate schedule, and I CANNOT BELIEVE the Govt is happy to make out like they're paying CCB for all of my hours when in actual fact they only pay it for the first 37.5 hours!!! Why can't they just be honest and SAY they only charge it on the first 37.5 hours instead of cleverly hiding the fact behind the sliding hourly rate amount!!!

[peanutter]

Hmmm, thanks - will have to look into more!

[briggsy's girl]

that's weird MD! haven't come across that before. Mum used to do FDC and i have vague recollections of different hourly rates depending on how long kids had been in care on different days, but it was so long ago, i really don't recall it at all.

even with that in place, you should still be getting your CCR for the whole time


someone mentioned the 85 v 100% ccr thing earlier - fwiw - if you opt for direct to centre or direct to customer for CCR (so more regular payments instead of quarterly or annually) UNLESS you are claiming NO CCB AT ALL (so you income is above the income limits and you won't claim it - even at tax time) you will only get 85% of your maximum CCR entitlement. the other 15% is held off til tax time. if you claim quarterly, your fourth quarter for the year is held til tax time

[Floweryfields]

UNLESS you are claiming NO CCB AT ALL (so you income is above the income limits and you won't claim it - even at tax time) you will only get 85% of your maximum CCR entitlement. the other 15% is held off til tax time. if you claim quarterly, your fourth quarter for the year is held til tax time

Ahh, ok, that makes sense now!