Charges for flexible hours offered by Goodstart, page-12

First 12 Last

Share
Profile

Follow
really

1,565 Posts.

142

13/06/18

11:06

Post #: 33675079
Share

Originally posted by Islay ↑

Education minister Simon Birmingham, has today, been encouraging providers of early learning to follow Goodstart's lead and offer services that match the needs of the families enrolled in their centres. To date I am unaware, of releases, from other large providers on the structure of the hourly blocks, they will be offering families after 2 July.

IMO the structure of the hourly blocks by G has been implemented to maximise the hours allocated to families through the activity statement.

An example would be a centre they operate close to Sydney CBD:

Fees $155.70 per day, operating 12 hours per day, currently with no hourly blocks offered.
A family receiving a 85% rebate would pay $1.95 per hour. Below are calculations based on the brackets allocated through the activity test.

(1) Qualifying for 50 hours through the activity test, attending 5 days they would pay $227.30.
(2) Qualifying for 36 hours through the activity test and attending for 3 days they would pay $70.56.
(3) Qualifying for 18 hours through the activity statement and attending for 2 days they would pay $112.98.

From the 2 July those fees, using the blocks introduced fees would be as follows:

(1) 50 hours over 5 days charged as 10 hourly blocks they would pay $97.50.
(2) 30 hours over 3 days charged as 10 hourly blocks they would pay $58.50.
(3) 18 hours over 2 days charged as 9 hourly blocks they would pay $35.10

The most important aspect is, that these blocks are being linked to the hours families are entitled to through the activity statement and G are, now introducing flexibility into their operations, whether it's political rhetoric or not is immaterial if it is (a) helping families financially and (b) allowing children more access to early education and care.

Reporting to the government and providing parents, through a new billing process, the actual hours they are attending against those they are actually attending, IMO is the government's attempt to increase parent pressure on providers to keep fee increases to a minimum.

Casualisation of the sector has been increasing for the past 5 years and has increased significantly in the past few years as centres struggle with occupancy and seek to reduce wages whilst still maintaining ratios.

Apologies, I should have said vacancy figures.

IMO & DYOR

Expand

hmmm -- getting the math wrong equals going broke Islay
informative post which did bring on the discussion

If posting figures and using them for reference to a company or government legislation
try to ensure accuracy as you will look a bit of a goose if you get them wrong

Thumbs up to a more accurate post by @Jrmc

As always DYOR
And watch out for those trolls

Really

GEM Price at posting: $2.46 Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

LTM

Rio Tinto confirms it's lobbed a takeover offer at Arcadium Lithium

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

There are more pages in this discussion • 17 more messages in this thread...

First 12 Last

Add GEM (ASX) to my watchlist

(20min delay)
Last $1.39		Change 0.000(0.00%)		Mkt cap ! $1.121B

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	214	$1.52

Sellers (Offers)

Price($)	Vol.	No.
$1.25	419	1

View Market Depth

No.	Vol.	Price($)
1	38	1.385
1	2000	1.375
1	4462	1.370
1	4462	1.365
2	8931	1.360

Price($)	Vol.	No.
1.400	14912	3
1.405	4462	1
1.410	4462	1
1.415	4462	1
1.420	14431	3

Last trade - 10.00am 07/10/2024 (20 minute delay)

GEM (ASX) Chart

Day chart unavailable

Charges for flexible hours offered by Goodstart, page-12

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Rio Tinto confirms it's lobbed a takeover offer at Arcadium Lithium

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Charges for flexible hours offered by Goodstart, page-12

Top Stories

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Rio Tinto confirms it's lobbed a takeover offer at Arcadium Lithium

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News