Hall Chadwick partners Richard Albarran, Blair Pleash and Shahin Hussain were appointed Joint and Several Voluntary Administrators of the following entities on Tuesday, 9 February 2016.
Aspire College of Education Pty Ltd
Australian Indigenous College Pty Ltd
Global Intellectual Holdings Pty Ltd
RTO Services Group Pty Ltd
Global Intellectual Group Pty Ltd
National Training and Development Pty Ltd
Compass College Pty Ltd
The Design Works College of Design Pty Ltd
Richard Albarran, Blair Pleash and Shahin Hussain were subsequently appointed Voluntary Administrators of College of Creative Design and Arts Pty Ltd on Wednesday, 10 February 2016.
Collectively, the colleges are a significant private vocational education provider in Australia with locations throughout the country.
The Voluntary Administrators have been advised that the recent major changes imposed on the Vet Fee-Help sector by the Federal Government have resulted in very significant pressure on the colleges’ ability to operate. The owners of the colleges have advised the Administrators’ office that they consider they have exhausted all available means to continue operating and, with great reluctance, have been forced to place the colleges into voluntary administration.
The Voluntary Administrators are currently assessing the extent to which the colleges can continue to trade and whether students and staff affected by college closures can be transferred.
At this stage, all tuition services have been suspended until further notice.
An update will be provided to students and staff as soon as further information is available.