Controversial vocational education broker Acquire Learning, chaired until recently by former AFL head Andrew Demetriou, has gone into voluntary administration.
Key points:
- Collapse not unexpected because the company’s website has been offline for months
- ACCC took legal action against company in 2015 for breaching consumer law
- Sanctions imposed against two brands owned by Acquire Learning in April
The corporate collapse is the latest in a string of failures following the Turnbull Government’s crackdown on the scandal-plagued sector.
The collapse is not unexpected because Acquire Learning’s website and social media accounts have been offline for months, the company has been shedding customers and there has been mass sackings of staff.
It leaves questions about the future of Acquire Learning’s major assets which include employment website Career One and two training providers Asia Pacific Training Institute and Franklyn Scholar.
Acquire Learning is also a sponsor of Carlton Football Club through Career One.
In 2015, Acquire Learning suffered a blow when the Australian Competition and Consumer Commission (ACCC) took legal action against it for allegedly engaging in unconscionable…
