Australian parents missing out on potentially vital financial support

Thousands of Australian parents are missing out on potentially valuable financial assistance, it has been reported.

According to a new report from New Limited's Sunday papers, as much as $200 million worth of child welfare money is currently lying unclaimed in the federal coffers.

It is estimated that around 100,000 families have failed to claim the money which is rightfully theirs, with many likely to be currently struggling to pay for their childcare bills, as well as their utilities and housing commitments, with personal loans and credit cards.

Commenting, childcare minister Kate Ellis explained that the main issue is that many families don't realise they can claim federal money to help pay for after-school care.

"It's important that people realise that the childcare rebate is paid for long day care, family day care, but also after-school care," she said.

This comes as the latest figures from the Bureau of Statistics show that the cost of living for families in Australia has increased by 4.5 per cent over the past year.

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