Brindabella Christian College went into voluntary administration this week due to alleged financial problems, and after the federal and ACT governments, unions and the tax office started court and disciplinary proceedings.

Deloitte Turnaround and Restructuring partners Sal Algeri and Sam Marsden were appointed administrators on Wednesday. They say they want to stabilise the school’s financial position and to establish a better governance framework.

In the meantime, the school will operate on “a business-as-usual basis without any disruption to student classes, to the fullest possible extent”, the administrators said. Principals will continue to lead teaching and learning.

The Christian co-educational school has more…

Vocational training provider Site Group International (ASX: SIT) has entered voluntary administration after failing to reach a compromise over $http://www.businessnewsaustralia.com/1http://www.businessnewsaustralia.com/1 million in penalties being sought by the consumer watchdog after an adverse finding against the company’s former Captain Cook College subsidiary four years ago.

Site Group had made a $http://www.businessnewsaustralia.com/1.http://www.businessnewsaustralia.com/1 million provision in its books for the penalty, which was imposed after the Federal Court ruled in 202http://www.businessnewsaustralia.com/1 that Captain Cook College had engaged in “a system of unconscionable conduct and made false or misleading…

Site Group International Limited (ASX:SIT), an education provider, has entered voluntary administration, appointing Adam Peter Kersey and David Michael Stimpson of SV Partners as joint and several administrators. The decision, effective March 5, 2025, was made by the company’s directors. The administrators are now tasked with evaluating the company’s business operations and financial standing. During this period of voluntary administration, all of Site Group International’s listed securities will remain suspended from trading on the ASX. This action signals significant financial distress within the company, prompting a thorough review of its assets and liabilities. Shareholders are advised to consult ASIC’s information sheet…

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Pramod Mittal’s journey from being a billionaire to declaring bankruptcy highlights the unpredictable nature of wealth and fortune.

Pramod Mittal, once counted among the world’s richest individuals, went through a dramatic downfall that led to bankruptcy and legal troubles. Pramod is the younger brother of Lakshmi…

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By Katryna Perera ( March 5, 2025, 9:17 PM EST) — Two entities related to financial services firm StratFS have asked a New York federal judge to reject a bid by the Consumer Financial Protection Bureau to continue appearing in its joint suit with a multistate coalition of attorneys general after the CFPB failed to timely file a post-hearing briefing due to changing leadership at the agency….

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Site Group International Limited (ASX:SIT), an education provider, has entered voluntary administration, appointing Adam Peter Kersey and David Michael Stimpson of SV Partners as joint and several administrators. The decision, effective March 5, 2025, was made by the company’s directors. The administrators are now tasked with evaluating the company’s business operations and financial standing. During this period of voluntary administration, all of Site Group International’s listed securities will remain suspended from trading on the ASX. This action signals significant financial distress within the company, prompting a thorough review of its assets and liabilities. Shareholders are advised to consult ASIC’s information…

Vocational training provider Site Group International (ASX: SIT) has entered voluntary administration after failing to reach a compromise over $https://www.businessnewsaustralia.com/1https://www.businessnewsaustralia.com/1 million in penalties being sought by the consumer watchdog after an adverse finding against the company’s former Captain Cook College subsidiary four years ago.

Site Group had made a $https://www.businessnewsaustralia.com/1.https://www.businessnewsaustralia.com/1 million provision in its books for the penalty, which was imposed after the Federal Court ruled in 202https://www.businessnewsaustralia.com/1 that Captain Cook College had engaged in “a system of unconscionable conduct and made false or misleading…

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