An Independent MP has fired back at suggestions childcare centres are price gouging parents, listing several reasons behind fees that continue to outpace the soaring rate of inflation.
An interim report published by the Australian Competition and Consumer Commission showed fees had risen between 20 per cent for centre-based day care and outside school hours care, and 32 per cent for in-home care.
"Electricity prices have increased, my local childcare providers have said this to me, that means they have to find funds somewhere to pay for the increase in electricity prices in the centres, to pay for the increase in food, to pay for the increase in many of the things needed in a childcare centre increase in wages."
“The small increase in the childcare subsidy is going to be cancelled out with the cost of living that we’re all experiencing at the moment and remember 12 interest rate rises as well so I think that the government has to do more,” she said. Richard Bell, the CEO of major NSW-based childcare provider Little Zak’s Academy - which has about 600 staff across more than 40 locations – said the costs of their services have risen 30 to 50 per cent in the last four years, despite not raising their daily fees “that much”."It’s very much around if inflation is outpacing childcare fees.
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