How ASX childcare shares plan to survive coronavirus
The Motley Fool - Michael Tonon - April 9, 2020

It’s no surprise that the ASX childcare sector is experiencing a tough market dynamic created by the coronavirus crisis. Think Childcare Ltd (ASX: TNK) and G8 Education Ltd (ASX: GEM) have seen their share prices plummet in March. In fact, the G8 Education share price...

State refuses to prop up childcare centres facing cash crisis
The Age - Bianca Hall - April 9, 2020

The Victorian government has ruled out propping up the struggling childcare sector, as NSW and the federal government move to extend childcare funding payments to council-run centres. On Thursday morning NSW Premier Gladys Berejiklian announced the government would spend...

Early childhood study wins Katanning prize
The West Australian - Shannon Smith, Great Southern Herald - April 9, 2020

Excelling in her early childhood studies, Katanning’s Monica Gagiano has been named the Katanning Campus student of the year by South Regional TAFE. Ms Gagiano undertook a Certificate III in Early Childhood Education and Care in 2019 and was nominated for her adaptability...

Exceptional Circumstance Supplementary Payment – new information released
The Sector - Freya Lucas - April 9, 2020

Information has been released, designed to support early childhood education and care (ECEC) services to apply for the Early Childhood Education and Care Relief Package – Exceptional Circumstance Supplementary Payment. It is available for providers/services who need a ‘top up’...

$82m to keep NSW childcare centres open through coronavirus pandemic
Sydney Morning Herald - Lisa Visentin - April 9, 2020

The government will spend $82 million on childcare to support the 260 council childcare centres not eligible for the federal government's JobKeeper payments. The state government will also make preschool free for parents over the next six months - a policy that will cost $50 million...

NSW govt to announce $133m childcare package
News.com.au - April 9, 2020

The New South Wales government will announce $133 million to prevent the mass closure of council childcare centres and make preschool free for half-a-year. The rescue package will reportedly include $82 million to save centres left out of the Federal Government's JobKeeper plan, while $51-million will go to preschools, so they can waive charges...

What the shutdown means for property investors
Financial Review - Robert Harley - April 9, 2020

They predict valuation declines of 5 per cent for neighbourhood shopping centres, properties with long, secure lease terms, and industrial assets; 15 per cent falls for self-storage and childcare centres, 15-25 per cent for office properties and 30 per cent for retail malls...

G8 Education launches $301m raising; RBC, UBS on ticket
Financial Review - Sarah Thompson, Anthony Macdonald and Tim Boyd - April 9, 2020

After a week not trading on the ASX, child care centre operator G8 Education has kicked off a $301 million equity raising to improve its liquidity. The fully underwritten offer was split between a $134 million institutional placement and a one-for-2.2 pro-rata accelerated non-renounceable...

'Unintended consequences': Mass childcare closures loom as rescue package falls short
The Age - Bianca Hall - April 8, 2020

To qualify for JobKeeper, non-profits must suffer a 15 per cent drop in revenue. But those drops are calculated at an organisational level, rather than at a childcare centre level. Childcare accounts for a fraction of Uniting Vic and Tas' operations...

Coronavirus Australia: How do I apply for free childcare?
News.com.au - Stephanie Bedo - April 8, 2020

About one million families are set to receive free childcare during the coronavirus pandemic. But who exactly is in that one million and how do you apply? Under the new plan announced by Prime Minister Scott Morrison this week, the Government will pay half the reasonable...

The commercial properties being snapped up during the coronavirus crisis
Commercial Real Estate - Ray Sparvell - April 8, 2020

Michael Vanstone, of Burgess Rawson Sydney, said the sale showed that investors were attracted by the security and returns of childcare centres. “Well-managed childcare centres located in areas of high demand are extremely attractive to investors, offering healthy yields and long-term security,” he said...

Major NFP early learning provider calls for more support for multi-service charities
The Sector - Freya Lucas - April 8, 2020

Uniting NSW.ACT has called on the Federal Government to offer further support for registered charities who provide early learning education and care (ECEC) and additional services, who are excluded from the ECEC Relief Package announced last week. While the package has supported...

Childcare – If it ain’t broke, don’t fix it
Mirage News - April 8, 2020

The Government’s $1.6 billion CoVid-19 childcare package will decimate family day care providers across the State, both city and bush, if it continues, says Mark Banasiak, MLC of the Shooters Fishers and Farmers Party. The package has been advertised by the Federal government...

New best practice resource to boost communication in young children launched
The Sector - Freya Lucas - April 8, 2020

Communication, curiosity and conversation are all key predictors of young children’s success later in life, according to best practice resources on early childhood education recently launched in Brisbane, with the backing of Social Ventures Australia-backed education not-for-profit...

‘Crippling’: Missing detail in PM’s childcare scheme destroys centres
Yahoo Finance - Anastasia Santoreneos - April 8, 2020

All essential workers with children will be given free childcare during the coronavirus pandemic, the Prime Minister revealed last week – but the nuts and bolts of the announcement could send childcare workers broke. According to the scheme, around one million families will be...