Child Care News
Canberra's childcare providers say they're struggling to find and lure qualified staff
ABC News - Madeline Austin and Narda Gilmore - May 14, 2021Canberra's childcare providers say the sector is struggling to attract skilled workers amid a lack of funding and persistent low wages, leading to severe staff shortages. The ACT's largest childcare provider, Communities@Work, said it had vacancies in all 12 of its centres, while other ...
$2 billion funding agreement to guarantee preschool for Aussie kids
Mirage News - May 13, 2021The Morrison Government is locking in $2 billion over four years to guarantee $1340 for every Australian child to attend preschool in the year before school. It is the first time in history that Commonwealth funding for preschools will be ongoing, and means federal government funding...
Child care and preschool is getting a boost in the 2021 federal budget. So what's in it for you?
ABC News - Conor Duffy - May 13, 2021The federal budget included an extra $1.7 billion five-year spend for child care, and $1.6 billion for universal preschool access. The childcare measures fall short of the universal free system that some parents got used to during lockdowns, but there's still relief in some form...
‘Insulting’ and ‘degrading’: budget funding for childcare may help families but educators are still being paid pennies
The Conversation - Tamara Cumming - May 12, 2021The government has committed an additional A$1.7 billion over five years to reduce the cost of childcare for around 250,000 families with more than one child. Another $1.6 billion is going into ensuring each four-year-old child gets 15 hours of preschool a week. But these budget announcements...
Scott Morrison’s ‘family friendly’ budget lashed by new analysis
News.com.au - Samantha Maiden - May 12, 2021Scott Morrison’s claim he’s handed down a family-friendly budget has been smashed by a new analysis claiming the vast majority of parents will be better off under Labor’s childcare changes. The Prime Minister has unveiled a $1.7 billion childcare change in the federal budget designed...
Budget business wish list hits and misses
ABC News - The Business - Rachel Pupazzoni - May 12, 2021"$3.4 billion for women's health and economic security, that's not a bad start, but that half of it's in childcare, and that childcare is put in the basket with economic support for women, I find just really, really disappointing. "It's not a woman's issue, childcare, it's a family issue."...
The stocks set to benefit from budget spending spree
Financial Review - Alex Gluyas - May 12, 2021The other big winners were aged care and childcare. RBC Capital Markets analysts agreed, highlighting G8 Education as a direct beneficiary from the budget’s childcare initiatives. Plans to increase the childcare subsidy cap rates over several years to a maximum of 95 per cent and lifting...
Federal budget flags $1.6bn education boost for preschools but sets conditions for states
The Guardian - Daniel Hurst - May 11, 2021The Morrison government will pour $1.6bn into preschool services over the next four years but will set conditions for the states and territories, including attendance targets that are to be decided. The federal government plans to negotiate a new funding agreement to “support continued...
How much you’ll save on childcare after Federal Budget helps families
news.com.au - Samantha Maiden - May 12, 2021Treasurer Josh Frydenberg has raised hopes childcare fee relief for larger families could be fast-tracked after blaming “IT” dramas for the 2022 start date. In a big spending budget that offers little in the way of budget savings to pay down the nation’s deficit, the Morrison Government has ...
Here are the ASX small cap stocks that might get a boost from Budget 2021
Stockhead - Nick Sundich - May 11, 2021Tonight all eyes will be on Canberra with the handing down of the Federal Budget for 2021 and a number of ASX stocks will be hoping to benefit. While the full budget will only be released tonight, the government has progressively leaked details about promised funding for certain...
Childcare subsidies make up half of new spending for women
Financial Review - Salley Patten - May 11, 2021The childcare subsidy will be increased by 30 percentage points for second and subsequent children aged five years and under in care, up to a maximum rate of 95 per cent for these children. The annual cap of $10,560 per child per year will be dropped. The government said cutting ...
‘Without childcare, I couldn’t work’: Parents welcome $1.7 billion boost
The Age - Daniella White and David Estcourt - May 11, 2021Balmain mother Donna O’Neill, 39, has seen too many of her female colleagues’ careers held back simply because of the cost of child care. She has welcomed the federal budget’s $1.7 billion boost to childcare, but thinks more support for all families is needed to help women stay engaged in ...
Federal budget flags $1.6bn education boost for preschools but sets conditions for states
The Guardian - Daniel Hurst - May 11, 2021The Morrison government will pour $1.6bn into preschool services over the next four years but will set conditions for the states and territories, including attendance targets that are to be decided. The federal government plans to negotiate a new funding agreement to “support continued ...
Free preschool for all and $1.7b childcare boost for families
The Canberra Times - Sally Whyte - May 11, 2021The government will spend $2 billion to ensure all Australian children, no matter where they live, can access 15 hours a week of fully-funded preschool in the year before starting school. Announced on top the extra $1.7 billion for the childcare subsidy, the early childhood education ...
CCS affordability changes, 4 years of preschool funding and more in Budget 2021/22
The Sector - Jason Roberts - May 11, 2021In a highly anticipated 2021 Federal Budget the early childhood education and care (ECEC) sector will see a boost from the previously flagged changes to the Child Care Subsidy system confirmed as well as a commitment to extend the funding for the National Partnership on ...
