On 26 May 2011 the Government introduced a bill into Parliament that, if passed, will impose financial reporting requirements on large operators of long day care centres. The intention is to enable closer scrutiny of the financial viability of operators that run more than 25 centres. The changes will also allow the Department to conduct an independent audit in cases where the financial monitoring raised viability concerns. The Regulation Impact Statement was prepared by the Department of Education, Employment and Workplace Relations and was assessed as adequate by the Office of Best Practice Regulation.
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