TDA calls for inquiry into private college profit claims TDA has called on Federal Education Minister Christopher Pyne to order an urgent examination of marketing practices and information provided to students allocated VET FEE HELP loans for courses at some recently-listed and soon-to-be listed ASX training companies. The CEO of TDA, Martin Riordan, said an inquiry was needed to get to the bottom of the extraordinary revenue and profitability claims that have been reported by several ASX listed companies now under investigation by the Australian Securities and Investments Commission (ASIC). “Recent financial data, released by several ASX-listed and soon-to-be listed education and … [Read more...]
Row erupts at Vocation
03/11/2014 by
Australian Financial Review | 3 November 2014 Vocation shareholder calls for CEO to quit ……………………………………………………………………………………………………… The board of embattled education and training provider Vocation has expressed full confidence in managing director and CEO Mark Hutchinson after the company’s largest shareholder and one of its founders dramatically demanded he be sacked in the wake of a 60% crash in its share price, following compliance failures leading to it paying back $19.6 million in Victorian government funding. ……………………………………………………………………………………………….......…… In an interview with Channel Nine’s Financial Review Sunday, Vocation founder and former executive Brett … [Read more...]
ACPET National Monday Update – edition 578, 3 November 2014
03/11/2014 by
In Focus Edition 578, 3 Nov I am told that my first week in ACPET was business as usual. If that is the case I am in for an exciting ride. I have balanced my attention on the key issues in our sector and of course making certain that ACPET's house itself is in order. A big development for our sector this week was the delivery of Report of the Senate Education and Employment Committee on the Higher Education and Research Reform Amendment Bill 2014. The report released calls on the Senate to pass the Bill in the interest of student choice and improved quality. This I obviously applaud and our higher education providers, who are already delivering outstanding results, will be able, if … [Read more...]
