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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 (!) :shakehead:
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 :)
Yep, well within our maximum hours.
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!
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.
I did think the hourly rate was under $4 but I figured it may have increased.:
I believe you can choose either the 85% or 100% method? I have parents getting either one or the other.
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!!!
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.:
And that it's based on hours *available* not the actual hours that your child uses it for.:
I completely understand from the CCC's perspective that they can't be adding 1.5 hours here, and taking off 2 hrs there, but (for eg) if someone works five half days (total of day 15 hours) but still have to pay for 5 full days (60 hours) and the CCB only gives them the rebate for 50 hours, they might find themselves in a worse finanncial position they may have suspected when initially crunching their numbers...
Thankfully, we looked into it quite deeply, and so DH ended up just going back to work full time...
Again - no criticism to the centres themselves, as staffing and other expenses need to be kept reasonably consistent for it to be a commercial enterprise. I get that.
Just a bit frustrating for parents ;)
you can get more hours if both members of the couple are unable to care for children for more hours - so if both work full time plus travel and simply cannot be there, or if they work late night shifts and put their children in FDC overnight, they can get more hours (so more than the 50 hour limit)
MD - i assume by the figure you're using, you must use FDC as it is different hourly rate to the LDC amount - where are you getting the 37.5 hours from? that may be related to FDC processing - at FAO, we only work with 24, 50 or more than 50
Yes BG, it's FDC.
For FDC, your percentage is charged against the standard hourly rate, which changes per hour over 37.5 hours so you're actually only getting the same amount that you would for 37.5 hours. Cleverly disguised like they're actually paying an amount per hour all the way to 50 hours (!!!)
So if I use 45 hours of care, I'm still only getting the exact same $ amount of CCB as I would if I was using 37.5 hours of care.
Hmmm, thanks - will have to look into more!
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
Ahh, ok, that makes sense now!: