Impact of collapse of large child care provider ABC Learning Centres in Australia
The document summarizes the collapse of ABC Learning Centers, formerly Australia's largest provider of child care services. ABC Learning Centers operated over 1000 child care centers across Australia before entering administration in 2008. The Australian government provided $58 million in funding to keep impacted centers operating and support affected families and employees. Over 90% of the original ABC Learning Centers are still operating today under new ownership following the government's intervention and establishment of a not-for-profit child care provider called GoodStart. The collapse highlighted weaknesses in oversight of large for-profit child care providers and resulted in new regulations to better monitor providers and reduce risks of future failures.
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Impact of collapse of large child care provider ABC Learning Centres in Australia
- 1. Child Care Provision In Australia The Impact of the Collapse of a Large Provider
- 2. Background
- 4. Significant Expansion in Child Care Places 1989 2008 % change Child Care Places 114390 700314 612% Child Care Centres 2340 11595 496% Female workforce participation 3.1 million 4.8 million 157%
- 6. The Number of ABC Learning Child Care Centres in Australia
- 19. Lessons Learnt