On 2 May 2021, the Government announced that it will make an additional $1.7 billion investment in childcare as part of the Federal Budget 2021–22. 

As part of the Federal Budget 2021–22, and starting on 1 July 2022, the Government will: 

increase the childcare subsidies available to families with more than one child aged five and under in childcare, benefitting around 250,000 families; 

remove the $10,560 cap on the Child Care Subsidy, benefitting around 18,000 families. 

More information can be found here.