Sean O'Neill from Motley Fool is the latest member of the 'Foolish Fools Club'. Spruiking today he said " any regulatory changes are an 'if and when' situation and unlikely to change the fundamentals of the whole childcare industry".
If : Already legislated. National Quality Standards reduced staff to child ratio's for 2-3 year olds.
When : 1st January 2016.
Unlike the guesswork involved with the outcome of the Families Package, the ratio changes were part of the National Quality Standards implemented on 1st January, 2012, to take effect from 1st January, 2016. They will affect the profitability of every long day care facility (unless that centre is already operating on improved ratios) the options available are either, reduce licensed places, increase staff numbers or pass on increased charges to parents. The last option being the least desirable.
More research required Mr. O'Neill.
IMO & DYOR
Motley must be feeling a tad 'foolish'?, page-40
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