Child Care Benefit is a payment to help with the cost of child care for families who use either approved or registered child care.
In the recent Budget, the Government announced that there will no longer be a minimum Child Care Benefit rate for approve child care. However, instead of the rate reducing only down to a minimum rate, it will continue to reduce until the rate is zero. The income levels at which the payment cuts out completely will depend on the number of children you have using approved child care. This change will affect only high income families.
If your family’s adjusted taxable income is under the income limits, you can get a part rate of Child Care Benefit. The part rate is worked out using your Child Care Benefit percentage. The Child Care Benefit Ready Reckoner is used by your child care service provider to help with the estimation only of your family's Child Care Benefit percentage.
The Child Care Benefit Ready Reckoner 2008-2009 can be downloaded and printed from the following link.