Several large vocational education and training providers have collapsed into voluntary administration after their parent company appointed external administrators earlier this week.
Global Intellectual Holdings Pty Ltd entered voluntary administration on Tuesday, with Richard Albarran, Blair Pleash and Shahin Hussain from Hall and Chadwick appointed as external managers.
Global Intellectual Holdings is the company behind several private Australian training providers, including Aspire College of Education, The Design Works College of Design, RTO Services Group and the Australian Indigenous College, according to The Age.
At least 500 employees are expected to be affected by the collapse.
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Read the full article at: http://www.smartcompany.com.au/finance/62861-training-provider-collapses-into-voluntary-administration-as-concerns-over-vocational-education-system-grow/
