Natasha Bita, The Australian

EDDY Groves had promised his daughters he would take them to Disneyland for the Easter school holidays.

His travel plans alarmed the corporate watchdog, the Australian Securities & Investments Commission, which this week applied to the Federal Court to freeze the failed childcare entrepreneur’s assets and seize his passport…

The collapse threatened the closure of 1020 childcare centres – one in every five centres in Australia, caring for 120,000 children – and sparked a Senate inquiry into childcare.

Taxpayers have spent $56m to keep failed ABC centres running. More than 70 centres have closed and 220 have been sold to new operators….