Families will reap the benefits from an additional $1.7 billion investment in childcare as part of the 2021-22 Budget.
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The changes, which deliberately target low- and middle-income earners, will cut the cost of childcare and lower the disincentive to take on an additional day or two of work, thus boosting workforce participation.
For example, a family with three children on $80,000 would have the subsidy increase from 82 to 95 per cent for their second and third child and be $108 per week better off for four days of care.
Half of Australian families will now receive a 95 per cent subsidy for their second and subsequent children.
These changes would have benefits for both the economy and families across our region, giving greater choice to local parents who want to work an extra day or two a week.
This is a targeted investment that makes childcare more affordable, increases workforce participation and boosts the economy.
Tax relief for brewers and distillers
The Morrison government is providing a $250 million boost to the distillers and brewers around Australia.
There will be a more than tripling in the rebate for excise paid to these brewers and distillers, from $100,000 today to $350,000, bringing it on par with what happens in the wine industry.
This change will allow these small businesses right around Australia, particularly in rural and regional Australia, where two thirds of them are currently set up, to go and hire more people.
It will also allow them to go and invest in their business to grow, and to get the new equipment and machinery that they need.
This sector has grown more than tenfold over the last decade.
There are around 1,000 micro brewers and distillers right around the country.
A lot of these have become household names like Moorebeer Brewing Co, as well as The Farmers Wife, gin distilleries in Port Macquarie and Allworth.