This is excellent news for GEM (from the AFR 5 Aug)
Feds to bail out Victorian childcare centres
Victorian childcare workers will be bailed out by the federal government after wide-scale shutdowns ordered by Premier Daniel Andrews raised the prospect of most centres going under.Rather than re-introduce JobKeeper, which was removed from the sector nationally a month ago in return for a $708 million transition package, the Commonwealth will instead unveil state-specific support measures for centres, staff and possible parents on Wednesday.Victorian Premier Dan Andrews rushed closure of all childcare except for so-called permitted workers has created mass confusion and Scott Morrison ordered a support package be worked out in 24 hours."We want a simple solution. One which will provide immediate relief to the sector, and one which will keep the sector viable through these next six weeks of Stage 4 restrictions,'' Education Minister Dan Tehan said.Last month, the childcare sector lost its eligibility for the $1500-per-fortnight JobKeeper wage subsidy.Before that, about one-third of childcare workers were not receiving JobKeeper and the $708 million package was designed to help all providers as the economy supposedly rebounded.
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Last
$1.18 |
Change
0.010(0.85%) |
Mkt cap ! $910.4M |
Open | High | Low | Value | Volume |
$1.17 | $1.19 | $1.16 | $2.268M | 1.920M |
Buyers (Bids)
No. | Vol. | Price($) |
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4 | 123380 | $1.18 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.19 | 36076 | 3 |
View Market Depth
No. | Vol. | Price($) |
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4 | 123380 | 1.175 |
1 | 25812 | 1.170 |
1 | 6000 | 1.160 |
2 | 22 | 1.155 |
9 | 175270 | 1.150 |
Price($) | Vol. | No. |
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1.190 | 36076 | 3 |
1.195 | 30210 | 2 |
1.200 | 34891 | 8 |
1.205 | 5500 | 1 |
1.210 | 642 | 1 |
Last trade - 16.10pm 25/06/2025 (20 minute delay) ? |
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