CPI Adjustment 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 Volume 21, Number 4 (June 2009), Inland Revenue advises that, for the 2017 income year:

1. The variable standard-cost component will be $3.51 per hour per child; and
2. The administration and record keeping fixed standard-cost component will be $343 per annum, for a full 52 weeks of childcare services provided.

The above amounts have been adjusted as a consequence of the annual movement of the Consumers Price Index for the twelve months to March 2017, which showed a small increase of 2.2%. For childcare providers who have a standard 31 March balance date, the new amounts apply for the period from 1 April 2016 to 31 March 2017.