DET 001
Issued
2006

Standard-cost household service for childcare providers - consumers price index adjustment 06/01 (April 2006)

DET 001 (April 2006) sets out the consumers price index adjustment for standard-cost household service for childcare providers.

In accordance with the provisions of Determination DET-001, as published in Tax Information Bulletin Vol 16, No 4 (May 2004), Inland Revenue advises that, for the 2006 income year:

  • the variable standard-cost component has increased from $2.74 to $2.83 per hour per child; and
  • the administration and record keeping fixed standard-cost component has increased from $267 to $276 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 2006, which showed an increase of 3.3 percent. For childcare providers who have a standard 31 March balance date, the new amounts apply for the period from 1 April 2005 to 31 March 2006.