Prime Minister Kevin Rudd says the Coalition’s paid parental leave scheme would cost more than childcare payments to families.
Paid Parental Leave
The Coalition’s paid parental leave scheme will pay a parent 26 weeks’ leave at full replacement salary. The payment is capped at $75,000.
Expected Costs
$9.8 billion. Two Year Total 2015-16 and 2016-17
Childcare payments
Childcare benefit is means-tested and is only available to families who earn less than $170,000 a year.
Childcare rebate is available to all families with children in child care. It covers 50 per cent of out-of-pocket expenses and is capped at $7,500 a year per child.
Expected costs:
$5.82b 2015-16
$6.16b 2016-17
$11.98 billion. Two Year Total
Source of figures: www.abc.net.au