More chaos at Blue Sky: Chair to go, CIO out, profit guidance pulled
Business Insider - Sam Jacobs - May 7, 2018

Blue Sky also presented some detailed figures on its historical investment performance, fee-earning assets under management, and fee arrangements. The company confirmed it would exit its investment in child-care operator Foundation Early Learning, with proceeds from sale...

'Everything's going up': Young families hope for budget relief to ease cost of living
SBS News - Sarah Abo - May 7, 2018

Budget 2018: Making ends meet is a struggle for many Australian families with young children who are looking for relief with childcare costs and education. From the home they rent in the outer Melbourne suburb of Mernda, Angelo and Jeny Cupellini sift through their bills...

Number of mental health visits to hospital for Victorian kids triples in seven years, study finds
ABC News - Erin Somerville - May 7, 2018

There has been a drastic rise in the number of young people seeking help for mental health issues at Victoria's emergency departments, with many families unaware their children are suffering until they experience physical symptoms, an Australian-first study has found. The Murdoch...

Bannockburn Children's Service child care fees could rise almost 24 per cent
Geelong Advertiser - Olivia Shying - May 7, 2018

YOUNG families could fork out an additional $26 a day for Bannockburn childcare services, if a draft budget fee-rise proposal is passed. Under the Golden Plains Shire's draft budget, currently on public display, Bannockburn Children's Service childcare fees would rise almost 24 per cent...

Budget 2018 is about deciding between two very worthy objectives
Financial Review - Danielle Wood - May 6, 2018

A cut to income taxes – particularly if targeted towards low and middle-income earners – would stimulate the economy. This group are more likely to spend the additional money in their pockets. Lower taxes would also increase workforce participation: tax rates have the biggest impact...

'No notice whatsoever': Brisbane childcare centre abruptly closes over fire safety risk
9News.com.au - Shannon Marshall McCormack - May 6, 2018

A childcare centre in Fortitude Valley has been forced to temporarily shut down due to a lack of fire exits. Queensland's Department of Education forced Little Ducks Childcare Centre on Brunswick Street to close its doors over concerns about a lack of fire exits. Parents have told...

Budget 2018: Women to be helped back to work
Financial Review - May 6, 2018

The federal budget will set aside "significant" funding for practical measures to help more women back to work and build their "financial security and resilience" in a suite of changes set to be fully revealed by Minister for Women Kelly O'Dwyer in the September sitting of Parliament...

Complaints over gun ad near childcare centre north of Brisbane
Brisbane Times - Toby Crockford - May 5, 2018

A billboard advertising a rifle near a childcare centre and a major intersection north of Brisbane is at the centre of complaints to the Advertising Standards Bureau. While the sign does not violate advertising regulations, residents incensed by its prominence are demanding the ad be pulled...

Important to find balance as a grandparent
Coffs Coast Advocate - Paul McKeon - May 7, 2018

The main rule is there are no rules. The need for both parents to work, the huge increase in single-parent families, the rise of the blended family and the cost of childcare have resulted in grandparents often having to spend a lot of time looking after their grandchildren. Rather than being..

Shocking data: North Coast is a cancer hotspot
Northern Star - Samantha Poate - May 5, 2018

Cancer Council NSW runs various skin cancer prevention programs across the region to reinforce sun protection and skin cancer awareness. Some of the North Coast local programs include SunSmart, which supports primary schools, child care centres and out of school hours care...

Number of children spending 50-plus hours a week in childcare is growing
The Advertiser - Lanai Scarr - May 4, 2018

THE number of children spending 50-plus hours a week in childcare is growing as parents work longer to try and make ends meet. News Corp Australia can reveal 40,241 children used long daycare for 50 or more hours a week - or more than 10 hours a day - in the latest June...

Childcare giant G8 eyes Affinity
The Australian - Bridget Carter & Scott Murdoch - May 4, 2018

Australia's largest listed childcare operator, G8 Education, has signalled its interest in buying Affinity Education from Anchorage Capital Partners, which is up for sale through advisory firm Luminis Partners. On the sidelines of the Macquarie Australia investment conference in Sydney...

Two women charged in alleged $5.7 million childcare fraud probe
Sydney Morning Herald - Patrick Begley - May 4, 2018

Two women were charged late on Thursday in an ongoing investigation into an alleged $5.7 million family day care fraud in which more than 1600 children were claimed to have enrolled in one month. Australian Federal Police raided five properties in Kellyville and Lakemba in Sydney's west...

Affinity Education pitched with $60m earnings, eyes on funding
Financial Review - Sarah Thompson, Anthony Macdonald & Joyce Moullakis - May 3, 2018

If you're unsure about what upcoming changes to child care funding and rebates mean for you and your family, ask a private equity type. Government funding is the No.1 item on the agenda of buyout firms running the numbers on up-for-sale Affinity Education Group, which owns more than...

G8 Education expects new funding package to counteract falling occupancy rates
Proactive Investors - May 3, 2018

G8 Education Ltd (ASX:GEM) notes the supply environment continues to be challenging in childcare, with like-for-like (LFL) occupancy down around 2.5 to 3% so far in 2018. While LFL occupancy is decreasing, prior year acquisitions continue to grow occupancy and are forecast to deliver earnings...