Explanatory Notes

Childcare Payments Act 2014

2014 CHAPTER 28

17 December 2014

Commentary on Sections

Childcare Accounts

Section 21: Calculating the top-up element of payments made from childcare accounts

106.Section 21 determines how much of a payment or other amount consists of top-up payments.

107.Subsection (1) defines the top-up element of any payment made from a childcare account as the amount equal to the relevant percentage of that payment. Subsection (2) provides a method for calculating the relevant percentage, which would accommodate any change in the rate at which top-up payments are made under section 1(4). The current relevant percentage is 20%.