CPI Adjustment for Determination DET 09/02: Standard-cost household service for childcare providers
CPI Adjustment 10/01 (2010) for Determination DET 09/02: Standard-cost household service for childcare providers.
In accordance with the provisions of Determination DET 09/02, as published in Tax Information Bulletin Vol 21, No 4 (June 2009), Inland Revenue advises that, for the 2010 income year:
- the variable standard-cost component has increased from $3.09 to $3.15 per hour per child; and
- the administration and record keeping fixed standard-cost component has increased from $301 to $307 per annum, for a full 52 weeks of childcare services provided.
The above amounts have been adjusted in accordance with the annual movement of the All Groups Consumers Price Index for the twelve months to March 2010, which showed an increase of 2.0%. For childcare providers who have a standard 31 March balance date, the new amounts apply for the period from 1 April 2009 to 31 March 2010.