Parental leave a $5bn earner

Original article by Joe Kelly, Geoff Chambers
The Australian – Page: 1 & 2 : 26-Apr-21

The Business Council of Australia has called for paid parental leave to be increased to 26 weeks for couples who agree to more equally share the amount of time they take off work. The BCA has also proposed increasing the childcare subsidy for lower-income households from 85 to 95 per cent; it notes that modelling by KPMG suggests that this would boost the economy by about $5bn a year. The BCA contends that the high cost of childcare is deterring many women from returning to the workforce. Some Liberal MPs have urged the federal government to include childcare reforms in the Budget on 11 May.

CORPORATES
BUSINESS COUNCIL OF AUSTRALIA, LIBERAL PARTY OF AUSTRALIA

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