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It's time to get serious about real economic reformsAugust 4, 2015
The Australian - Judith Sloan - August 4, 2015
The trouble is the Coalition is planning to use these savings on FTBs to splurge on childcare assistance in a completely unaffordable and ineffective way. In fact, families on very high incomes stand to gain $2500 a year per child in the new childcare package, something that looks like a...
Anchorage courts Affinity Education with alternative offerAugust 4, 2015
Financial Review - Sarah Thompson, Anthony Macdonald & Jake Mitchell - August 4, 2015
Private equity firm Anchorage Capital Partners is believed to be the second party stalking childcare operator Affinity Education Group, having submitted a proposal aimed at addressing the company's funding hole. Takeover target Affinity told its shareholders not to accept an improved 80¢ a share...
Tony Abbott's childcare changes will 'reduce access and add complexity'August 4, 2015
Sydney Morning Herald - Matt Wade - August 3, 2015
The childcare package at the heart of the Abbott government's May budget will diminish access to childcare services, reduce flexibility and introduce baffling complexity, experts have warned. A submission to a government-sponsored industry consultation by Professor Deborah Brennan and...
G8 Education lobs $185m cash takeover offer for Affinity EducationAugust 4, 2015
Financial Review - Jessica Gardner - August 3, 2015
Childcare operator G8 Education has sweetened its takeover bid for smaller rival Affinity Education, increasing its price to 80¢ a share and allowing investors to take up the offer in cash or shares. The $1.2 billion company put out a supplementary bidder statement on Monday morning, which...
G8 Education shores up Affinity bidAugust 3, 2015
The Australian - Michael Roddan - August 3, 2015
Child care operator G8 Education has reinforced its takeover bid for rival firm Affinity Education, securing new debt with the Bank of Western Australia to help pay down Affinity's debts in the case of a successful acquisition. G8 Education today bolstered its approach for its proposed takeover...
Crossbenchers lobbied to sink Fairer Paid Parental Leave BillAugust 3, 2015
The Australian - Rebecca Urban - August 1, 2015
A coalition of unions, academics, and family and women's groups is lobbying crossbench senators in a bid to have the Abbott government's legislation to scale back paid parental leave entitlements voted down. The push against the Fairer Paid Parental Leave Bill, which is opposed by Labor and...
Mystery Affinity Education buyers add intrigue to G8 Education takeover bidJuly 31, 2015
Sydney Morning Herald - Carrie LaFrenz - July 31, 2015
Two investors with past connections to G8 Education chair Jenny Hutson have been buying shares in the childcare operator's takeover target Affinity Education. Brisbane-based Taxonomy and Tasmanian-based West Bridge Holdings have together bought about $10 million worth of Affinity...
Childcare subsidies not essential for getting women back to workJuly 30, 2015
Financial Review - Jennifer Hewett - July 29, 2015
Joe Hockey often cites Canada's high level of female participation in the workforce as the model for Australia to emulate. If only, he says, Australia could equal that it would add $25 billion to the country's annual gross domestic product. The Treasurer uses this figure as the economic...
Nanny subsidy trial: cost to providers means program 'set up to fail'July 28, 2015
Sydney Morning Herald - Judith Ireland - July 27, 2015
But the Australian Nanny Association says that the cost to providers who participate in the trial will "outweigh the funding allocated to services wanting to tender". Under the draft guidelines, nanny services will receive two types of payments: a family subsidy direct from the government, and...
Welcome News for Australian Families: Visa Change will Offer Working Families Flexible ChildcareJuly 28, 2015
Newsmaker - July 27, 2015
As of 21 July 2015, the Department of Immigration and Border Protection has updated the current 6 month work restriction on a Working Holiday Maker visa (subclasses 417 and 462) to allow Au Pairs to remain with the same family for the entirety of their 12 month visa. This ruling recognises...
Time to look at super, negative gearing, GST, bracket creep: KPMGJuly 27, 2015
Sydney Morning Herald - Nassim Khadem - July 27, 2015
To get more women back to work, it suggests employer funded top-up child care costs should be treated as exempt benefits. It also recommends moving move away from a family or joint income test for childcare benefits, which has led to high marginal tax rates for primary carers seeking...
Labor looks to longer preschool hoursJuly 27, 2015
SBS News - July 25, 2015
Preschoolers might find themselves spending longer at school under a federal Labor government. But the party's national conference has watered down a motion from NSW member Rose Jackson, who wanted the access to preschool doubled from 15 hours a week to 30 hours. Instead, the...
$246m nanny trial: no experience neededJuly 24, 2015
The Australian - Natasha Bita - July 24, 2015
Unqualified nannies with no experience will be able to pocket up to $2000 a week in taxpayer subsidies to care for seven children at a time, under the federal government's $246 million nanny trial. Department of Social Services draft guidelines reveal that families will be able to hire...
Families hit as soaring childcare costs outstrip inflationJuly 23, 2015
The Australian - Nnatasha Bita - July 23, 2015
Childcare and education costs have soared up to six times faster than inflation in the past year, hitting families hard. Many childcare centres jacked up their fees this month to cover the cost of extra staff required from January 1 next year. Parents are now paying 8.5 per cent more for...
Leaders should not retreat from early childhood education reformJuly 23, 2015
ABC News - Samantha Page - July 22, 2015
South Australia's proposal to take over responsibility for early childhood has created a timely debate ahead of today's Council of Australian Governments (COAG) leaders retreat. Premier Jay Weatherill's proposal would create a continuum of schooling - from early childhood to year 12...
Investor education on Affinity's mystery buyerJuly 22, 2015
Financial Review - Sarah Thompson, Anthony Macdonald and Jake Mitchell - July 21, 2015
A mystery buyer in the market for Affinity Education shares is understood to be using a Brisbane-based accountant as a front. Street Talk revealed a high-net-worth individual had quietly built a stake in Affinity - believed to be less than 4.5 per cent - after the company received a takeover...
Qld told to stop shifting childcare costsJuly 20, 2015
9News.com.au - July 18, 2015
The Queensland government needs to chip in more funding for childcare and stop shifting the responsibility onto its federal counterparts, social services minister Scott Morrison says. The minister has told a conference of more than 1000 early childhood educators a federation review...
Everyday conversations loaded with learning opportunities for preschoolersJuly 20, 2015
Canberra Times - Amanda Dunn - July 18, 2015
But according to a large longitudinal study of 2500 preschool children in Victoria and Queensland, there's not enough intentional teaching happening in early learning centres, and the gap between children at the top and bottom of the academic scale by the time they reach prep is growing...
Vaccination law would let Queensland childcare centres refuse childrenJuly 16, 2015
Brisbane Times - Amy Remeikis - July 15, 2015
Queensland childcare centres will have the power to exclude children who are not fully immunised under legislation to be introduced by the government. Having flagged the plan while in Opposition, following the New South Wales 'no jab no play' laws, Health Minister Cameron Dick said Labor...
Comment: The government still doesn't get childcareJuly 16, 2015
SBS.com.au - Trish Jha - July 15, 2015
In particular a new Regulation Impact Statement (RIS), prepared by lobby group Early Childhood Australia in concert with the Department of Social Services, highlights how the government's proposed package has failed to take into account the analysis and recommendations in the recent...
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