New financial reporting obligations for large providers have started

This content was published on Monday 3 July 2023. There may be more recent updates available.

New financial reporting obligations for large early childhood education and care providers came into effect on 1 July 2023.

Large providers must now report financial information to the department, including information about revenue, profits, and leasing arrangements.

A large provider is one that:

  • operates 25 or more services
  • shares operation of 25 or more services with another provider
  • plans to operate or share operation of 25 or more services.

The information a large provider must report depends on their circumstances.

Large providers must report within 3 months of the end of the financial reporting period.

If you’re a large provider and you do financial reporting on a financial year, you must report within 3 months of 30 June. If you do your financial reporting on a calendar year, you must report within 3 months of 31 December.

We’ve contacted large providers with more information. Large providers that haven’t been contacted should email ECECFinancialViability@education.gov.au

This information will help us:

  • assess the financial viability of large providers
  • improve the transparency of child care costs
  • protect the government’s investment in the sector.

Learn more about the new obligations for large providers.

Learn more about obligations for all providers.