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Affinity slams G8 bid, complains to ASICJuly 6, 2015
The Australian - Mitchell Bingemann - July 6, 2015
Affinity Education is hitting back at the hostile takeover attempts from rival childcare provider G8 Education, appointing legal advisers and lodging a formal complaint with the corporate regulator ASIC. On Friday G8 launched a hostile takeover bid for its smaller rival Affinity Education...
G8 Education offer for Affinity Education is not its first, or bestJuly 6, 2015
Sydney Morning Herald - Stephen Cauchi - July 6, 2015
The latest bid, which Affinity chairman Stuart James has rejected as "opportunistic and highly conditional", is based on a share price of 69¢. It is understood Affinity said it would consider the proposal and both parties agreed to meet again on June 24. Sources said that at the next...
Childcare package will put Australia behind: researchersJuly 6, 2015
Sydney Morning Herald - Judith Ireland - July 6, 2015
The Abbott government's childcare package is "decades out of date" and will put Australia behind other developed nations when it comes to early childhood reform, a new McKell Institute report says. University of New South Wales researchers Deborah Brennan and Elizabeth Adamson argue...
Australia lagging developed world on early-childhood educationJuly 6, 2015
Sydney Morning Herald - Deborah Brennan and Sam Crosby - July 5, 2015
Yet Australia, somehow, missed the memo. Here, childcare policy is still seen as something of a regrettable necessity, required mainly to get women back into the workforce. Reflecting a philosophy that is decades out of date, the Abbott government's package is focused on boosting...
Takeover targets: childcare back in fashionJuly 6, 2015
The Australian - Rebecca Urban - July 4, 2015
Big business is quietly snapping up childcare centres across the country, as rising operating costs and increasing regulation continue to place pressure on independent operators. Yesterday's announcement of a $160 million-plus takeover bid by Australia's largest private-sector childcare...
G8 Education lines up AffinityJuly 3, 2015
The Australian - Bridget Carter and Gretchen Friemann - July 3, 2015
Childcare group G8 Education is expected to launch a formal takeover bid of its smaller rival, Affinity Education, after taking a 16 per cent stake in the company last night. As reported on The Australian's BusinessNow blog, fund manager sources said a buyout offer was "imminent"...
David Leyonhjelm thinks childcare subsidies are a mistakeJuly 3, 2015
Financial Review - David Leyonhjelm - July 2, 2015
Over the past decade or so, subsidies for childcare have grown continuously and rapidly to the point where they now pose a real threat to long-term budget sustainability. The main reason for this is the increased credentialism and regulation that pervades the sector. Whereas childcare...
Affinity Education investors spit the dummyJuly 3, 2015
The Australian - Tim Boreham - July 2, 2015
Childcare provider Affinity Education's earnings update and "positive" operational outlook today looks like it was meant to be as soothing as Daktarin cream on a chafed rear, but investors have spat the dummy anyway. Affinity shares (AFJ, 53c) were birched by 29c, or 35 per cent, after...
New child protection laws designed to hold more people to accountJuly 2, 2015
Herald Sun - Eddie Morton - July 1, 2015
Organisations responsible for supervising children will now be required to actively manage the risks of sexual offences being committed against children in their care and "further protect them from harm". Failure to do so could result in the organisation or person in authority going to jail for up...
The industries set to fly and fall in 2015-16July 1, 2015
Smart Company - June 30, 2015
Growth in female workforce participation and strong government support for childcare providers are projected to support industry revenue growth of 12.2% in 2015-16, continuing a robust growth trend. Demand for childcare services continues to expand, as more and more families become...
NSW Government accused of underspending on early childhood education in budgetJune 25, 2015
ABC News - Brigid Glanville - 25 June 2015
Initial reaction to the Government's $2.1 billion surplus has been positive but some cracks are starting to appear. In the budget forecast for the current financial year 2014/15 spending on childhood education was set down at $361 million. However, only $263 million was spent...
Preschool is most expensive in NSWJune 25, 2015
Sydney Morning Herald - Sam Buckingham-Jones - June 24, 2015
Parents in NSW are paying almost $20 more each day for preschool than other states and territories as the state government continues to underspend its allocated early childhood education budget. At the same time, figures show that almost 30 per cent of the state's children are not...
Donations by childcare union United Voice subject of inquiryJune 23, 2015
Daily Telegraph - Simon Benson & Daniel Meers - June 23, 2015
THE peak childcare union poured more than $1 million into Labor campaign coffers in return for a $300 million taxpayer-funded scheme to give pay rises to union-aligned childcare centres. The Daily Telegraph can reveal the United Voice union almost tripled its donations to the ALP in the same...
Abbott Government may drop $840m preschool programJune 23, 2015
Herald Sun - Ellen Whinnett - June 22, 2015
THE Abbott Government is considering abandoning its $840 million program that guarantees four-year-olds get 15 hours of preschool a week. The move would cut about $97 million of annual preschool funding to Victoria, and could see teachers sacked, ­students' guaranteed hours ­reduced...
Opinion: Family Tax Benefit cut ignores huge home workload that some carryJune 22, 2015
The Courier-Mail - Amanda Sheehan - Jun 22, 2015
In contrast, the Abbott Government's proposal to cut Family Tax Benefit (B) when the youngest child turns six instead of 16 is like a slap in the face. It sends the message that women are more valuable in the workplace than at home raising children. But who has the right to make that call?...
Preschool teaching children about environmental sustainabilityJune 22, 2015
Sydney Morning Herald - Andrew Brown - June 21, 2015
The NSW Early Childhood Environmental Education Network wants to see the program expanded to all early-learning centres across the state. The group's convener, Julie Gaul, said learning about the environment was as important in the early-learning curriculum as literacy and numeracy...
No Jab No Play has caused a rush to immunise as anti-vaccine lobby turns desperate in the face of defeatJune 22, 2015
Sunday Telegraph - Jane Hansen - June 21, 2015
The policy change has sparked a rush of parents contacting pro-immunisation groups including the Northern Rivers Vaccination Supporters group. "Anecdotally we’ve had quite a few contact us, people are starting to question their previous anti-vaccination stance and seek out more..."
Every second family with kids will loseJune 18, 2015
The Australian - Natasha Bita - June 18, 2015
The National Centre for Social and Economic Modelling at the University of Canberra has found that cuts to family tax benefits, combined with higher childcare subsidies, will leave 44 per cent of families out of pocket. Poorer families would be hardest hit by the proposed changes, which are...
Child care costs may rise under Scott Morrison's proposed changes to payments, say operatorsJune 17, 2015
Daily Telegraph - Alex Lewis - June 16, 2015
CHILDCARE centres may "jack up their prices" if proposed changes to the industry are adopted, a north shore operator has warned. West Pymble Kindy Kids general manager Fiona Goode raised her concerns during a visit by Social Services Minister Scott Morrison to her centre last...
Popular preschool apps failing to educate kids, study findsJune 17, 2015
Herald Sun - Monique Hore - June 16, 2015
POPULAR tablet applications that claim to educate children are failing to teach them anything, research has found. The study found that only 18 of 200 of the most popular preschool applications in the Apple App Store claimed to be developed using "educational expertise". Less than 6 per...
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