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 2015 income year:

1. The variable standard-cost component is confirmed at $3.42 per hour per child; and
2. The administration and record keeping fixed standard-cost component is confirmed at $334 per annum, for a full 52 weeks of childcare services provided.

The above amounts have been confirmed as a consequence of the annual movement of the Consumers Price Index for the twelve months to March 2015, which showed a small increase of 0.1%.  For childcare providers who have a standard 31 March balance date, the new amounts apply for the period from 1 April 2014 to 31 March 2015.