Tougher staffing ratios for childcare centres hit G8's profit
Business News Australia - Nick Nichols - Augusut 27, 2018

G8's managing director Gary Carroll describes the implementation of the government's Jobs for Families Child Care Package as the 'biggest change to the industry in recent times'. He says while underlying EBIT was hit hardest in the first quarter through the increase in staff ratios...

Meriton cuts supermarket, childcare centres and reduces unit sizes
The Daily Telegraph - Ben James - August 27, 2018

Other changes to the agreed plans include scrapping a 5000 sqm supermarket and only building two of the four promised childcare centres as Meriton argues the demand is not there...

G8 Education chalks up profit fall amid childcare sector shake-up
The Australian - Samantha Bailey - August 27, 2018

Childcare centre operator G8 Education has delivered a 22 per cent fall in first half net profit to $23.7 million as it adapts to changes in the sector. It comes after the company warned of slower occupancy growth in February when it announced its full year result. G8 (GEM), Australia's...

G8 Education lines up fresh debt to stave off equity
Financial Review - Sarah Thompson & Anthony Macdonald - August 27, 2018

G8 Education can be crossed off equity raising watchlists; for the time being, at least. It is understood the child care centre owner has been working to secure a new syndicated debt facility, which would be big enough to fund the company's growth plans and refinance other debt due in the coming...

Labor to target Dutton's eligibility to sit in parliament
The Australian - Rosie Lewis - August 26, 2018

Labor will continue its pursuit of Peter Dutton on the floor of the House of Representatives after Solicitor-General Stephen Donaghue QC could not conclusively find he was eligible to sit in federal parliament. Several of Mr Dutton's supporters said they did not think the section 44...

Dan Tehan appointed Federal Minister for Education and Training
The Standard - August 26, 2018

The Federal Member for Wannon Dan Tehan has been appointed Minister for Education and Training as part of a Cabinet reshuffle announced this afternoon by new Prime Minister Scott Morrison. Mr Tehan was previously Minister for Social Services. He told The Standard the appointment...

Express yourself! Celebrity mums lead breast pump boom
The Guardian - Tess Reidy - August 26, 2018

As mothers attempt to reconcile the pressures of work with the often relentless demands of breastfeeding and childcare, they are trying in growing numbers to pump milk. Last week, Goldman Sachs became perhaps the first firm in the UK to pay for breastmilk to be couriered home if female staff...

Dutton family trust payments saga shows MP's ignorance
The West Australian - Gareth Costa - August 25, 2018

The trust of which Mr Dutton is a beneficiary profits from childcare centres, giving rise to a potential breach of section 44. But what seemed to be overlooked in the legal debate was that a regular lump-sum cash payment from Federal Government coffers is of far greater credit value...

Six Geelong north childcare centres to remain open until Corio Integrated Child and Family Centre complete
Geelong Advertiser - Shane Fowles - August 24, 2018

EXISTING facilities in Geelong's north will remain open until a new $13.3 million children's centre is completed. A total of six venues will be shut to make way for the consolidated Corio Integrated Child and Family Centre. Work has begun on the Purnell Rd site, adjacent to Northern Bay's...

Dutton childcare cloud exposes problem with entire sector
Sydney Morning Herald - Lisa Bryant - August 23, 2018

So our possible next prime minister might be ineligible to sit in Parliament because he owns two childcare centres that receive Commonwealth funds. Clearly making decisions about childcare while simultaneously profiting from the sector is a cause for concern, but Dutton's position should force...

Legal advice on Peter Dutton points to the High Court
Financial Review - Michael Pelly - August 23, 2018

The child care centres received subsidies of more than $5.6 million from 2010-18. Since July 1, the trust receives money directly from the Commonwealth in the form of a subsidy. The advice of Mr Walker and James Mack noted the "payments to the relevant entity in Mr Dutton's case...

Childcare centre south of Brisbane targeted in arson attack
9News.com.au - Mia Glover - August 23, 2018

A callous case of arson is being blamed for a mammoth blaze that took hold of a childcare centre playground south of Brisbane. CCTV shows roaring flames erupting from the outdoor playground at Adam and Noah College in Heritage Park, before teams of firefighters try and battle the inferno...

'There is something broken in the childcare model': Senate Committee calls for childcare shake-up
4BC - Michael McLaren - August 23, 2018

Calls for a status quo shake-up in the childcare industry will attract the ire of unionists, as pushes to ditch onerous staff-to-child ratios and relax childcare worker qualifications come to the fore. The Senate select committee on red tape has called for a review into the National Quality...

Inflation needs air, cost of ­living a puncture
The Australian - David Uren - August 23, 2018

Childcare costs are expected to decline, after averaging 7.5 per cent a year for the past decade. "Recent changes to the childcare benefits system…lead us to expect that the cost of childcare will fall in the September quarter… There is considerable uncertainty around what the magnitude...

Charter Hall to take over Folkestone in $205m deal
The Australian - Elizabeth Redman - August 23, 2018

Australia's listed property trusts are in the midst of a wave of corporate activity and more could be on the way after Charter Hall Group unveiled a $205 million takeover of funds manager and developer Folkestone. Charter Hall is also open to pursuing more takeovers if it can find the right opportunity...