The Albanese government has announced a 12-month inquiry into the rising cost of childcare, which will start early next year.
The government’s childcare package is due to start in July, which will increase the subsidy for most parents.
But the review will look at why it is so expensive, with $10.8m being put aside in the October budget to fund the ACCC to begin looking at what has happened in the multi-billion industry.
Treasurer Jim Chalmers said early childhood education has increased 41% over the past eight years.
This is a significant burden to many Australian families already struggling to make ends meet.
That’s why, as part of a comprehensive plan for cheaper childcare at the election, we will conduct a thorough inquiry into the cost of childcare in Australia.
The ACCC inquiry will examine the driving factors behind…