It's time to get serious about real economic reforms
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 offer
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'
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 Education
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 bid
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 Bill
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 bid
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 work
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'
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 Childcare
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: KPMG
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 hours
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 needed
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 inflation
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 reform
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...