The Australian Government will invest an estimated $37 billion on child care support over the next four years. This significant investment includes an increase of around $2.5 billion to support the implementation of the new child care package. The package will make our child care system more flexible, more accessible, more affordable and targeted to those who need it most.
As part of assisting services to take advantage of the opportunities and greater flexibility that will be available under the package, the Australian Government Department of Education and Training (the department), in consultation with a range of child care stakeholders, has compiled a suite of business support tools and resources to help child care services to review their business operations in the context of transitioning to the new arrangements.
These resources are a simple and practical way that services can plan, review and grow their businesses into the future. They incorporate best practice suggestions and ideas developed with and by the sector.
The suite of business support resources includes key financial and business planning tools and resources that will be useful for all care types and service types. These include:
- Child Care Services Business Support Resource: This resource includes information on the new child care arrangements that come into effect from 2 July 2018, and some ideas services may want to consider in the lead up to the changes, particularly in responding to the greater operational flexibility that will be allowed.
- Scenario Analysis and Budgeting Tools: Services can use these tools to understand how certain factors may impact their financial results. There are three different scenario analysis tools; a simple tool, and two detailed tools; one for small to medium services and another for large services.
- Business Planning Templates: These include a business plan, project plan and risk management plan.
The business support tools and resources are available on the department’s website. We hope that child care services will find these resources useful when reviewing their operations, and in identifying possible changes they may want to implement in response to the greater flexibility that will be allowed from 2 July 2018.
If you have any questions regarding these resources, please contact the department at firstname.lastname@example.org
For information relating to the Australian Government’s new child care system and how this may impact your service, please refer to the department’s Website