Useful Links

The following are contacts and recommended suppliers:

SETTLEMENT AGENTS – PERTH WA

Briar Kirkby
FAST SETTLEMENTS
Work Tel.: 0417988212
E-mail: Briar Kirkby briar@fastsettlements.net

Katie Brennan
WEST END SETTLEMENTS
Shop 6, 7 Scarborough Beach Road
North Perth,  WA 6006
Work Tel.: 08 9443 3044 Fax: 08 9201 1392
E-mail: Katie Brennan katie@westendsettlements.com.au

Stephanie Le Roux
WA Property Lawyers
Personal Assistant to
Brian McCormack, Corinne Adams, Eden Coad and Sarah Wright
Tel: (08) 9380 3600
Address: 96 Outram St, West Perth WA 6005
Email: info@wapropertylawyers.com.au

Childcare Purchase Process

Step One – Entity Purchase in

The first step in purchasing a childcare business is deciding on the entity you wish to purchase the business in. That could be a Company or a Company & Trust. A company can be organised via ASIC or via your accountant.  A company and Trust will require an accountant or a lawyer to establish.

If the Company has 3 Directors all three Directors will be required to go through the interview process. Therefore, if there is a person in the Company who is childcare trained or has Education experience it is best to only have them as a Director. They will then be the only person required to go through the interview process and will have a better chance of being successful.

Step Two – Apply for a Provider number

To be able to own and operate a childcare business you must hold a Provider number.

This Provider number is applied for via the Department of Communities – Childcare section in the State you live in or the State you are buying the Childcare business in.

The Provider number is attached to the entity e.g. Company – Company/Trust you have set up that will ultimately own the Childcare business.

The application – PA01

https://www.acecqa.gov.au/sites/default/files/2019-06/PA01_ApplicationForProviderApproval_0.pdf

must be completed online and will require you to have:

  • Police Clearance certificate, not more than 90 days old
  • Working with Children card

The current price is $227 at Sep 2019

The Provider number once obtained does not last forever, unless you continue to own childcare business. If you have not purchased/own a centre within a period of approximately two years from time of issuance the Department may cancel the number.

The application will require credit checks into the Company history and ALL the Directors of the Company.

Interview

All Directors of the Company will be required to attend an interview.  Shareholders are not usually required to attend interview.

The interview is usually two to three hours and is a panel interview of usually three to four personnel. To pass the interview, a thorough understanding of Childcare legislation, policy and procedures will be required. If you are purchasing a centre through Advance Business Brokers, we can assist with this process and provide detailed information on the questions and documents you will need to be proficient in.

The interview is usually conducted about 6 – 8 weeks after lodgement of the application.    If you have been successful, an indication is often provided on the day. Notice of approval or decline is provided in writing around 7 – 10 days after the interview.  Nationally around 70% of applicants fail.

Receipt of Provider Number

Once you have received your Provider number, you can then look for a childcare business and advise the broker/buyer you are already in possession of your Provider number which puts you in a stronger position to purchase.

Or, if you have already signed a contract to Purchase a centre and Provider number is a condition of contract you can move onto lodging the other applications.

Transfer of Service

Transfer of Service can only be lodged with a Provider number.

https://www.acecqa.gov.au/resources/applications

Transfer of Service takes 42 days from date of lodgement.

To lodge your Transfer of Service you may be required to provide with your application a letter from the landlord confirming the landlord has approved you as a new incoming tenant OR:  contract confirming you are purchasing the property as well as the business.

These documents are to confirm you have the right to operate the Childcare business in the property it is located.

Two forms need to be completed for Transfer of Service.  PA09 and SA04.

The PA09 Is completed by the current owner/Seller of the business and forwarded to the Buyer.  The Buyer completes the SA04 and attaches the PA09 with the SA04 application.

The Department of Communities/Childcare may choose to inspect the centre. This does not happen every time.  If they do undertake an inspection, a list of items will be issued to the Seller to complete.   All of those items should be completed prior to settlement.

CCS – Child Care Subsidy from the Department of Education –   Application 

https://www.education.gov.au/applying-child-care-subsidy-ccs-approval

If the buyer, has a contract in place to purchase a business, and have just applied for and received their Provide number, then as soon as their Provider number is issued, they should also lodge their application for CCS funding.    This application can also take 42 days.

Usually, application to CCS and for Service Approval are lodged at the same time on different websites.

CCS application now requires a business plan and financial information on the applicant.

If is recommended this application form be downloaded at the same time as the Provider Application if you are a new childcare purchaser, so the applicant can work through and prepare all the information required in advance.  Then you are able to lodge the business plan, accounting information and other documents will all be completed and ready to be attached.

Settlement

Settlement on a childcare business usually occurs on a Friday (due to Government funding going Monday to Friday) approximately one to two weeks after Transfer of Service is unconditional.

CHILDCARE INFORMATION

Management Service for Enrollments/CCS for Childcare owners

Management Service for Enrollments-CCS for Childcare owners

Childcare Property’s in hot Demand

https://advancebusinessbrokers.com/listed-articles/investors-swoop-on-childcare-centres/

Australian Children Education & Care Quality Authority (ACECQA) 
http://www.acecqa.gov.au/regulatory-authorities1/contact-your-regulatory-authority

WA Department of Community Services Childcare
https://www.acecqa.gov.au/sites/default/files/2017-12/PA09_TransferofProviderDeclaration.pdf

(PA09 Transferring provider declaration (service approval))

Tel: 62103333

Education and Care Regulatory Unit (ECRU)
https://www.dlgc.wa.gov.au/LegislationCompliance/Pages/Education-and-Care.aspx

Provider Application (PA01) Including Police Clearance Provider
https://www.acecqa.gov.au/sites/default/files/2018-07/PA01_ApplicationForProviderApproval.pdf

Approval Declaration of Fitness and Property (PA02)
https://www.acecqa.gov.au/sites/default/files/2018-09/PA02_DeclarationOfFitnessAndPropriety.pdf

PRODA-Childcare funding application for Children Providers
https://proda.humanservices.gov.au/pia/pages/public/registration/account/createAccount.jsf

PRODA Funding application for Existing Childcare Operators

PRODA Funding application for Existing Childcare Operators

Childcare Subsidies for Childcare Business Owners
https://www.education.gov.au/child-care-subsidy-system

Transfer of Service Application CC
PA09_TransferofProviderDeclaration Feb 20-2

Improvements to Childcare Benefit for Childcare Buyers & Owners

The following videos cover the improvements and changes to the Childcare Benefit system effective 01 July 2018.   

Designer specialising in Childcare property design for new or refurbishment of centres

SPH architecture + interiors

sph.net.au

143 Cambridge St, West Leederville

08 9284 1888

ACCOUNTANT

Josh A. Sacino -Chartered Tax Adviser
Equitas – Accounting Services 
T: (08) 9349 9922
F: (08) 9349 9925
E: josh@equitasaccounting.com.au
P: PO Box 155, Northlands PO WA 6905

FINANCE BROKERS

Mr Shaun Rigby – Business Banking Manager
Bendigo Bank
Level 3, 225 St Georges Terrace, Perth WA 6000
E: shaun.Rigby@bendigoadelaide.com.au
m: 0427 355 458
Small Business Finance Lender

Mr Brett Foster
Liberty
Tel.: 0438 775 570
E-mail:bfoster@libertynetwork.com.au

Mr Jon Elliott
Able Finance

(Australian Credit License # 383084)
58/76 Newcastle Street, Perth 6000
Tel.: (08) 9328 3600 Fax: (08) 9328 3599
E-mail: jon@ablefinance.com.au

MIGRATION SERVICES

Rayford Migration Services:

Contact Pauline Yong – Email: enquiry@rayfordmigration.com

Rayford Migration Services: MALAYSIA OFFICE
Company detail:  About          Service provided:  Australia       188 and 132 information:  Business Visa Australia

Rayford Migration Services: SINGAPORE OFFICE

INSURANCE – BUSINESS

Phil McGuire ANZIIF (Assoc) CIP
Director
Unit 12 – 64 First Ave Mount Lawley WA 6050
PO Box 429 Mount Lawley WA 6929
Tel.: (08) 6424 8566 / Fax: (08) 9371 5664  M:0448 357392
E-mail: phil@excelinsurance.com.au
Web: LinkedIn:au.linkedin.com/pub/phil-mcguire/45/630/a72/

GENERAL INFORMATION

Stamp Duty – WA 
Department of State Revenue  http://www.finance.wa.gov.au/cms/content.aspx?id=2055 

Small Business Development Corporation 
http://www.smallbusiness.wa.gov.au/
Lots of useful information and assistance for small business 

Chamber of Commerce WA
http://www.cciwa.com/
Membership required but great resources for small businesses 

The Western Australia Police for National Police Certificate

https://www.police.wa.gov.au/Police%20Direct/National%20Police%20Certificates

Working with Children Check

https://workingwithchildren.wa.gov.au/

Current Guide to National Quality Framework for Childcare Centres in Australia

https://www.acecqa.gov.au/sites/default/files/2018-11/Guide-to-the-NQF_0.pdf

Business Plan Template

Business Plan

BOOK-KEEPING SERVICES

Centauri Bookkeeping
Lidia Lovric Hrbut – Registered BAS Agent
M: 0408 192 895
T: 9571 8444
E: centauri@iinet.net.au

LEGAL SERVICES

Composite Law
Robert Ross – Director
Suite 4, 28 Outram Street, West Perth WA 6005
T: (08) 6162 2399
F: (08) 6162 2335
E: robert.ross@compositelaw.com.au
P: PO Box 7920, Cloisters Sq, WA 6850
www.compositelaw.com.au

VALUERS/CHILDCARE

OPTEON
Duncan Cameron | FAPI CPV, BSc, BBus (Val & Land Econ)
Director – Specialised & Advisory

D. 08 9488 4802
M. 0413 449 477
E. duncan.cameron@opteonsolutions.com
A. Level 2, 1 Hood Street, Subiaco, WA 6008 Australia
W. OPTEONSOLUTIONS.COM