For many families with young children, the federal government’s new childcare arrangements can’t come soon enough.
Ninety-six per cent of families (1.26 million) will be better off with the higher childcare subsidies, according to the government.
The more generous payments for childcare means more women and men will be able to work additional hours and boost their family income.
“There is an awful lot of talent we aren’t tapping into,” says Danielle Wood, CEO of the Grattan Institute, a policy think tank.
