New CCB from the budget?

can anyone tell me what the go is?
i can not find anything about it and im not sure how it will effect me :)

just subscribing :)

Department of Human Services | Child Care Rebate - I hope that link is allowed.
If not, then basically:

:

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This measure reduces the maximum rate of Centrelink’s Child Care Rebate from $7,778 to $7,500 per child per financial year, starting from 1 July 2010.
The rebate will not be indexed between 1 July 2010 and 30 June 2014, which means the maximum rate will not change during this period.
Child Care Rebate helps parents or guardians with 50% of out-of-pocket expenses for approved child care if they are working, training or studying. Out-of-pocket expenses are the total child care fees minus the Child Care Benefit.
Customers do not need to do anything, as the Family Assistance Office automatically assesses their Child Care Rebate. There are no changes to when or how these rebate payments are made.

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So basically, if your out of pocket expenses are less than 15556, then you CCR will not be altered by the budget.

The main change is that the maximum will not be indexed for the next 4 years, so its not going to go up every year like it may have in the past. But this like anything else could change between now and the budget passing, or any time in the future really. Especially if theres a change of leadership, as from memory the 50% rebate was a labour party thing.

I didnt see anything in there specifcally relating to CCB or FTB

so essentially its not changing anything... just reduced it by a couple hundred...

Thanks for that Jodi

yeah that's right. Not much change really.
Pandora - that's right. It's still pending budget passing. And Labour did increase it from 30% to 50% when they took over.
No worries liviam :)

Have they increased the hourly rate this year - they usually up it a little bit each financial year.

the hourly maximum rate will go up with normal indexing on July 1 - there has been no change there - just the capping of the child care rebate at 7500 per child per annum

the amount that teh hourly rate has gone up is normally announced by now. i know it doesnt take effect until july 1st but it is normally announced. i hope it comes out soon.

i thought there was something to do with you can only get it for 4 years or something?

the system doesn't go through the upgrade til this weekend, so numbers won't be released til monday at the earliest. until then, it's all a bit hush hush!

where do you find out the info when it has been released BG

i honestly don't know if it will be made public until the start of July simply because people will get confused as to what is for this year, what is for next. i haven't been at work this week as i'm not well so i really don't know what has or hasn't been updated

yeah i am just suprised that it hasnt been annouced yet. we have normally been told by now because we have to give 2 weeks notice for fee changes and most carers will put their fee's up a little so it covers the ccb rise so you kinda get a double raise with out it making a dif to the families if that makes sense

Our fees are going up, and the cap is going down... :rolleyes: and no idexing for 4 years, so it won't matter that the cost of living will go up by on average 10-12% over that time give or take a few % :o Labour has done that to quite a few things of late.... especially family and medical related.... will be interesting to see what happens at the next election...:think: