The Australian Government has welcomed the announcement by the Court Appointed Receiver (CAR) for the ABC2 Group that the sale and transfer process for the centres under its control is progressing well.

The CAR (Steven Parbery and Daniel Bryant of PPB Corporate Recovery), have commenced exchanging contracts for the sale of the first tranche of 65 centres.

More information on this announcement can be accessed from www.mychild.gov.au.