Training college in administration: 250 students in limbo
TWENTY Maroochydore-based students are among 250 who are in limbo after their training school, College of Australian Training, went into voluntary administration.
Across Queensland 30 staff, including three at the college's Sunshine Coast campus, will also be affected.
The Beach Rd college was a nationally recognised Registered Training Organisation. It provided training in hospitality, hairdressing, beauty, business, retail, tourism and customer contact training at 35 locations around Australia.
The training college collapsed after recent common federal government changes to VET FEE HELP legislation, College of Australian Training manager reportedly told voluntary administrators Sam Kaso and Daniel Juratowitch.
"It is far too early for us to definitely say why the company got into financial difficulty but according to management, the company suffered, like a large number of other companies in the sector, from recent commonwealth government changes to VET FEE HELP legislation," Mr Kaso said.
Both senior partners of chartered accounting firm Cor Cordis, Mr Kaso and Mr Juratowitch were appointed as administrators of the college and of a second company, College Cuts, on Thursday, May 5.
"We have suspended all company operations while we seek urgent expressions of interest for the purchase of the businesses as a going concern that will hopefully provide continuity for the students and ongoing employment for the staff," Mr Kaso said.
College Cuts is a separate company which provides practical training for hairdressers equivalent to an apprenticeship.
The administrators said they had been "encouraged" by the response of parties interested in the sale of the College of Australian Training.
"We have been in contact with all of the staff and students, who are aware of what we are doing, and we are hopeful a resolution will be achieved in the short term," Mr Kaso said.
The first meeting of creditors will be held in Brisbane on Tuesday, May 17.
- Gold Coast
- Sunshine Coast