Buy now pay later child care offered.SYDNEY -- A buy now pay later scheme is being offered by ABC Learning ABC Learning Centres Ltd. is an Australian company that is the world's largest provider of childcare services. It is listed on the Australian Stock Exchange with a market capitalisation of $2.5 billion as at March 2006. , Australia's biggest chain of private child care centres. ABC ABC in full American Broadcasting Co. Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. is offering finance to lend parents up to $4,000 for each child, equivalent to the maximum value of the Federal Government's 30 per cent child care rebate rebate, partial refund of the total price paid for goods or services. In the United States, rebates were historically given by railroads to favored shippers as a return on transportation charges. . This rebate will not be paid until after parents have completed tax returns for the 2005-06 year. The arrangement gives them 14 months interest-free to pay back the loan by September 2006, after which interest charges will apply. A prime-time television advertising campaign is promoting the deal to parents. Child care fees have risen. After the Industrial Relations Commission Industrial Relations Commissions are government courts or tribunal set up by a state or country to regulate and adjudicate on employment and industrial issues between employees and employers. raised wages for child care workers, fees rose between 25 per cent and 45 per cent this year. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion