Standard-cost household service for childcare providers - consumers price index adjustments (March 2005)

In accordance with the provisions of Determination DET-001, Inland Revenue advises that, for the 2005 income year:

1. the variable standard-cost component has increased from $2.67 per hour per child to $2.74 per hour per child; and
   
   
2. the administration and record keeping fixed standard-cost component has increased from $260 to $267 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 2005, which showed an increase of 2.8 percent. For childcare providers who have a standard 31 March balance date, the new amounts apply for the period from 1 April 2004 to 31 March 2005.