This inquiry report examines the early childhood education and care (ECEC) sector, including: centre-based day care; preschools; family day care; outside school hours care; and in home care.

The above is from the link provided by Rhian. It clearly explains where things go wrong & have been going wrong for some time now !
I just wish these incompetent intellectual nitwits would stop interfering with peoples' lives !

I'd be interesting if any of our resident experts could offer their views on what caused Australia to out-price itself. . It wouldn't be the massive Public Service by any chance ?
Insane salaries for non-performers also would not have contributed either. The least contributing factor would be the dumbing-down of students who graduate with honours in uselessness.
I suppose the "real" cause must surely be the pensioners who paid taxes for 50+ years.