still $50 million to pay for the inquiry
From media release on the Keep Hollingwood Early Childhood initiative:

Today's announcement is not a one-off. The government has already made a substantial contribution to protecting young children and promoting their interests. The $10 million commitment will be used to build on initiatives that the government has already developed, as part of the Stronger Families and Communities Strategy (SFCS).

The $10 million commitment announced today includes $1.2 million for a range of new projects to support children and families under the SFCS. These include:
Support for young Vietnamese parents, sponsored by the Wesley Uniting Mission in South Australia.
Parent groups and individual support for families at the Cooloon Children's Centre in NSW.
Playgroups for infants and children aged 0-3 with developmental disabilities, providing early intervention, parent education support and networking for families in Queensland.
Working with grandparents and young children right around Australia.
Funds for Professor Fiona Stanley's Australian Research Alliance for Children and Youth (ARACY), to improve collaboration in child-related research, policy and practice.

I'm glad the money is being spent on kids. I am forced to ask why this initiative was not included in the budget 3 days ago. Anyone know of a dramatic development in children's policy in the last 3 days? A development so dramatic it could change the government's previous philosophy of leaving it to the states?