Balancing Child Care Subsidy first deadline approaching for families.
Families must confirm their income after the end of each financial year to ensure they are paid the right amount of CCS.
This “balancing” process is underway for two financial years – the 2018–19 financial year and the 2019–20 financial year.
Last year, the first deadline for the 2018-2019 financial year was extended because of COVID-19.
So, this is the first time we’ll reach a deadline. As well, two deadlines fall at the same time.
To note, the first deadline to report income for the 2018-19 financial year is approaching – 31 March this year.
Given some families may be unfamiliar with the process, service Australia have produced this short video to explain on services Australia website at;
What is balancing?
The deadlines for families to report income
what balancing means for providers (e.g. how you may need to adjust the gap fee if a family’s CCS changes after balancing).
Other resources on balancing
This page on our early childhood website details each deadline and the consequences if families miss them.
If you have further questions direct them to Services Australia or contact Kelly Mullins at front office on 0243677285Read More