The Productivity Commission (PC) will today publicly release its long awaited final report into Childcare and Early Childhood Learning, which will recommend tighter means testing of benefits such that families earning less than $130,000 a year will be better-off, but those earning significantly above this threshold will be worse-off.
The PC will also recommend redirecting more of the $7.7 billion now spent in childcare subsidies to lower and middle income families, but will still leave all families receiving some benefits.