Each child to owe $100k within three years, Treasurer warns
The Australian - Adam Creighton - February 15, 2017

Labor's counter proposals to restore the budget to surplus rely largely on increases in capital gains tax, and restrictions on tax deductions for negatively geared investment property. While the government's omnibus bill aims to save money in net terms, it proposes higher spending on childcare...

Childcare equation is simple: let X mark the spot where sense applies
The Australian - Judith Sloan - February 15, 2017

More regulation and more spending but so little progress - apart from a massive bill for taxpayers, rapidly rising fees, increasing out-of-pocket costs for parents and a nice little earner for some alert entrepreneurs. And don't you just love his summing up of the current problem: "The main issue here...

Kids boost bottom line for childcare landlords Folkestone Education
Sydney Morning Herald - Simon Johanson & Carolyn Cummins - February 14, 2017

The country's largest ASX-listed childcare centre owner, Folkestone Education Trust, has been busy proving toddlers in their childcare centres have good monetary value as well as being, uhm, cute! It reported Tuesday a 16 per cent rise in profits over six months to December last year, declaring a...

FET turns to prefab to meet childcare demand
Financial Review - Larry Schlesinger - February 14, 2017

The country's biggest owner of childcare centres, the Folkestone Education Trust, has begun rolling out the first of its prefabricated centres as it rushes to fill a record $122 million development pipeline amid strengthening operating conditions and rising property values. In its interim results filing...

Price of welfare reforms too high: Xenophon
Sky News - February 14, 2017

Key crossbench senator Nick Xenophon says his party will vote against the government's new welfare bill because it's 'fundamentally flawed'. Senator Xenophon told Sky News while he supported the government's planned childcare changes, the price of related cuts was too high. 'It would mean...

Cathy McGowan v Simon Birmingham in government childcare reform stoush
The Border Mail - Shana Morgan - February 14, 2017

The Federal Education Minister has accused Cathy McGowan of "misleading" her electorate by claiming proposed childcare reforms would make the Border's mobile services unviable. In an exclusive column for The Border Mail, Ms McGowan said the Coalition knew its "one size fits all" reforms...

Childcare changes: Nick Xenophon Team blocks Federal Government's omnibus bill
ABC News - Matthew Doran - February 14, 2017

The Nick Xenophon Team has announced it will not support the Federal Government's package of changes to child care and welfare benefits. Last week the Coalition introduced a so-called omnibus bill to try to force nearly $4 billion in savings through the Parliament. The bill included increases to...

Morrison pressures Senate on savings bill
The Australian - Sarah Martin - February 14, 2017

Labor has indicated it will ­oppose the bill, leaving the government to negotiate with Senate crossbenchers to legislate new means-tested childcare ­reforms, scaled-back FTB payments and a two-week increase of paid parental leave. Of the $5.5bn savings achieved by cutting family tax...

Childcare centres earn favourable report card
The Mercury - Blair Richards - February 14, 2017

TASMANIA'S Education Minister has pledged kindergartens will be held to the same high standards as childcare centres under changes to the school starting age. Tasmania's childcare sector has received a favourable report card from the Australian Children's Education and Care Quality Authority's...

Childcare fees stop parents working more
9News - February 13, 2017

Parents are telling childcare providers they want to work more but can't afford the extra days of care because they're hitting the ceiling on government subsidies. More than half the parents surveyed by the nation's largest childcare organisation, Goodstart Early Learning, say they would work or study more if...

Baby steps towards a truly modern childcare system
Sydney Morning Herald - Jessica Irvine - February 12, 2017

The Child Care Rebate has been the most problematic element of the current system. Agreeing that taxpayers will foot half the bill for whatever childcare providers charged lead to a huge inflation in fees. In the year the Rudd government increased the rebate from 30 per cent to 50 per cent, average...

$20bn welfare savings in 'winners vs losers' approach
The Australian - Rick Morton - February 11, 2017

This analysis does not include childcare costs, which will increase over the decade to 2026-27 but which the government says will provide an economic dividend in the form of families returning to work while raising children. More than $1.7bn in extra spending will go to childcare over the next four years...

Crackdown on dodgy childcare operators saves close to $1bn
The Australian - Rick Morton - February 10, 2017

Almost $1 billion in taxpayer money has been prevented from falling into the hands of dodgy childcare operators during the past three years and more than 100 services have been cancelled in the past year alone, new data reveals. After years of crisis in the family daycare sector - during which...

Winners and losers from Malcolm Turnbull's welfare cuts
Financial Review - Fleur Anderson - February 9, 2017

The surprise this week was the fact that without warning, Turnbull attached one of his positive goals for the 45th Parliament - childcare - to the remnants of the "stinking carcass" of the infamous 2014 "lifters and leaners" budget. To the fury of Labor leader Bill Shorten and his frontbench, the Turnbull...

No deal, Labor says on childcare bill
SBS News - February 9, 2017

Labor has ruled out supporting a Turnbull government omnibus bill that bundles an overhaul of childcare fee subsidies with welfare cuts. "These are just the same old cuts which the government''s been trying since 2014," shadow treasurer Chris Bowen told ABC radio on Thursday. The opposition...