We’ll balance your Child Care Subsidy
We compare your income estimate with your actual income at the end of each financial year. This is to make sure you get the right amount of subsidy.
Estimating your family income
You need to give us your family income estimate. We’ll use this to work out how much we’ll subsidise your child care fees.
Balancing your subsidy
At the end of the financial year, we’ll get your actual adjusted taxable income from the Australian Taxation Office. We’ll compare this with the family income estimate you gave us.
If you underestimate your income, you may end up with an overpayment. You’ll need to pay this back. If you overestimate, you may not get enough subsidy. We’ll pay any outstanding amount directly to you.
Letting us know about a change in circumstances
It’s important you tell us if things change, like if your family income changes.
You can update your family income estimate at any time to reflect a change in income. This will change the amount of subsidy you’re entitled to. Read more about when to report a change in circumstances.
Page last updated: 5 December 2019
This information was printed 25 February 2021 from https://www.servicesaustralia.gov.au/individuals/services/centrelink/child-care-subsidy/how-much-you-can-get/your-income-can-affect-it/well-balance-your-child-care-subsidy. It may not include all of the relevant information on this topic. Please consider any relevant site notices at https://www.servicesaustralia.gov.au/individuals/site-notices when using this material.