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 Gillard pledges help for ABC kids 

Gillard pledges help for ABC kids

15 Apr, 2009 10:28 AM
Deputy Prime Minister Julia Gillard says the government will step in to help find new places for children displaced from former ABC childcare centres which have to close down.

Ms Gillard said she couldn't pre-empt today's announcement about the fate of former ABC centres which could not be sold.

"But I can certainly say that if centres are to close ... we would do what we did for the 55 centres that closed before Christmas," she told the Nine network.

"And that is work with the receiver and with parents to identify nearby child care opportunities that meet their needs."

The ABC group went into receivership last November with debts of more than $1.5 billion.

More than 700 centres deemed viable are set to be sold off and remain in business.

Another 241 were regarded as non-viable, although 65 have now been sold.

The fate of the rest will be revealed today.

The company's court-appointed receiver PBB said it expected to sell a majority of the remaining centres but said there was a risk buyers would not be found for all.

Ms Gillard said this all happened because ABC profited from a situation where the former government let the market rip.

"It got big, it got unsustainable and we're dealing with cleaning up that mess and we're doing it on the basis of trying to give maximum certainty for parents," she said.

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