27 October 2014
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Trading in shares of the ASX-listed training provider Vocation has been suspended pending the announcement of the outcomes of a review by the Department of Education and Early Childhood Development of compliance by Vocation subsidiaries with contractual obligations for funding under the Victorian Training Guarantee.
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The announcement is scheduled for Monday 27 October 2014. If the review discloses major non-compliance issues, which might reasonably be expected given the amount of time this matter has been running (since the middle of the year), we might also reasonably expect some major changes at Vocation, including a shakeup of its management. The company has already set up a Quality Advisory Committee (QAC), headed by former ACPET chief Claire Field, to oversight the company’s compliance with regulatory standards. Vocation disclosed in late August that the Victorian Department of Education was reviewing two of its training organisations, Bawm and Aspin.
See
Field to lead on Vocation compliance