ABC Learning

Type: Company
Name: ABC Learning
First reported Jul 23 2014 - Updated Jul 23 2014 - 1 reports

Eddy’s sister files for bankruptcy

Former chief executive of ABC Learning Centres Eddy Groves. Source: News LimitedEDDY Groves, founder of the failed ABC Learning Centres chain, may be wondering if “going under” is a family trait — he has been joined in bankruptcy by his Gold Coast-based ... [Published Gold Coast-Australia - Jul 23 2014]
First reported Jul 22 2014 - Updated Jul 22 2014 - 1 reports

Taxpayer money should go toward improving childcare, not subsidising nannies

Using taxpayer money to subsidise nannies instead of improving the childcare system will favour the wealthy and create a system ripe for rorting, Unions NSW warned today.A draft Productivity Commission recommendation being considered by the federal government ... [Published Medianet - Jul 22 2014]
First reported Jul 17 2014 - Updated Jul 17 2014 - 1 reports

Think property spruikers are bad? How about these guys

GUEST OBSERVATIONI'm so angry!It is the property market equivalent of Storm Financial just waiting to implode and no one seems prepared to do a damn thing about it. I am one of a handful of people who have been proactive in lobbying for new legislation ... [Published Property Observer - Jul 17 2014]
First reported Jul 16 2014 - Updated Jul 16 2014 - 2 reports

Greencross Limited: Growth stock of the week

While utilising a "roll-up" strategy or acting as an industry "consolidator" is far from a new concept, it is arguably the flavour of the month with certain businesses creating enormous shareholder wealth recently thanks to their acquisitive business ... [Published NineMSN Finance - Jul 16 2014]
First reported Jul 09 2014 - Updated Jul 09 2014 - 1 reports

G8 splashes out $25.7m

G8 Education boss Chris Scott said the purchase of a further 19 centres was a “one-off” deal. Source: News LimitedGOLD Coast childcare operator G8 Education continues to show an insatiable appetite for acquisition, shelling out $25.7 million to buy a ... [Published Gold Coast-Australia - Jul 09 2014]
First reported Jul 08 2014 - Updated Jul 08 2014 - 1 reports

Banks settle with ABC liquidator

ABC Learning Centres went bust in November 2008. Creditors claimed almost $2.7 billion. Source: News LimitedONE of the final strands of collapsed childcare operator ABC Learning Centres has wound up, with its liquidators broking a settlement with seven ... [Published Gold Coast-Australia - Jul 08 2014]
First reported Jul 07 2014 - Updated Jul 08 2014 - 7 reports

Briefs: Banks settle with ABC liquidators, Macquarie family office scandal deepens

:47amLiquidators of ABC Learning Centres have secured an in-principle settlement with all of the major Australian banks involved in litigation over charges taken by the banks over the failing childcare business. The liquidators, backed by litigation funder ... [Published Banking Day - Jul 08 2014]
First reported Jul 07 2014 - Updated Jul 07 2014 - 1 reports

Will market buy Village play?

Our favourite former Queensland business woman of the year, Jenny Hutson, is taking her latest plaything to market. Mining accommodation maker Village National has lodged a prospectus with ASIC to raise $17.6 million.This is no ordinary miner's bunkhole. ... [Published Melbourne Age - Jul 07 2014]
First reported Jul 07 2014 - Updated Jul 07 2014 - 1 reports

ABC Learning to repay govt, workers

Alan Kohler is one of Australia’s most experienced business commentators. Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report. Along with Robert ... [Published Business Spectator - Jul 07 2014]
First reported Jul 07 2014 - Updated Jul 07 2014 - 1 reports

5 Things To Ask Your Financial Planner Before Signing A Contract

A financial planning scheme seems like a viable option to ensure that you have money for long term goals. However, do not immediately invest in any financial planner. Plenty of investors have fallen victim to unscrupulous companies that misappropriated ... [Published International Business Times Australia - Jul 07 2014]
First reported Jul 06 2014 - Updated Jul 06 2014 - 1 reports

CBA led banks' charge on ABC Learning

The banks did a sneaky thing as Eddy Groves' childcare empire was teetering at the precipice of collapse in 2008, a thing which may begin to unravel in proceedings before the Federal Court on Monday morning.Led by Commonwealth Bank, the syndicate took ... [Published Melbourne Age - Jul 06 2014]
First reported Jul 03 2014 - Updated Jul 03 2014 - 1 reports

Should I start a self-managed fund?

Should I start a self-managed super fund? If you’re asking that question of your own volition, the answer is probably ‘yes’. I say that because an interest in taking control of your super is half the battle.Industry and retail super funds promote the ... [Published Brisbane Times - Jul 03 2014]

Quotes

"What would auditors be checking? Would they be looking at the working rights of nannies? Wages, working conditions, overtime, visa status? How would they be able to check what kind of work nannies were required to do unless they actually caught them with an iron in one hand? Resources should not be going toward subsidising nannies when what working parents are really crying out for is better access and flexibility within the existing childcare system.”"
"It's a loan, so he will get his money back first. But if we decide not to continue in Australia then there's no obligation to repay the loan" says Guardian chief executive Andrew Miller
"GEERs will get its money back and the employees will get paid in full" he said
"There was funding provided to ensure that the claim could proceed against all of the major trading banks in Australia which, to the best of my knowledge from my recollection, hasn't occurred in the past" he said

More Content

All (24) | News (24) | Reports (0) | Blogs (0) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
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Eddy’s sister files for bankruptcy [Published Gold Coast-Australia - Jul 23 2014]
Taxpayer money should go toward improving child... [Published Medianet - Jul 22 2014]
Think property spruikers are bad? How about the... [Published Property Observer - Jul 17 2014]
Greencross Limited: Growth stock of the week [Published NineMSN Finance - Jul 16 2014]
Greencross Limited: Growth stock of the week [Published Motley Fool - Jul 16 2014]
Archived News [Published C.W. Downer & Co - Jul 09 2014]
G8 splashes out $25.7m [Published Gold Coast-Australia - Jul 09 2014]
Banks settle with ABC liquidator [Published Gold Coast-Australia - Jul 08 2014]
Briefs: Banks settle with ABC liquidators, Macq... [Published Banking Day - Jul 08 2014]
Banks settle case with liquidators of ABC [Published Individual.com - Jul 07 2014]
ABC lenders settle over $500m claim [Published Individual.com - Jul 07 2014]
Will market buy Village play? [Published Melbourne Age - Jul 07 2014]
ABC Learning to repay govt, workers [Published Business Spectator - Jul 07 2014]
Bank battle over ABC Learning finally settled [Published Canberra Times - Jul 07 2014]
Banks settle in ABC Learning case (The West Aus... [Published West Australian - Jul 07 2014]
Workers, government win battle with banks over ... [Published Yahoo! News Australia - Jul 07 2014]
Workers, government win battle with banks over ... [Published ABC Online - Jul 07 2014]
5 Things To Ask Your Financial Planner Before S... [Published International Business Times Australia - Jul 07 2014]
CBA led banks' charge on ABC Learning [Published Melbourne Age - Jul 06 2014]
Should I start a self-managed fund? [Published Brisbane Times - Jul 03 2014]
The Gateway to Chapter 15: An Evolving Issue [Published JD Supra - Jul 01 2014]
Scrap ASIC and give us a real regulator [Published ABC Online - Jun 30 2014]
Renewed investor interest in childcare centres [Published Brisbane Times - Jun 24 2014]
ABC sets up in Canada [Published Townsville Bulletin - Feb 01 2014]
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