This was published 9 years ago
Updated ,first published
The shakeout of Australia’s privatised vocational education market has claimed one of its biggest players.
Acquire Learning, a company which once boasted former AFL boss Andrew Demetriou as chair of its advisory council, went into voluntary administration on Friday on the verge of insolvency.
Pat Scala
Back in 2014 the company was rumoured to be considering a $700 million sharemarket float, but this week was “either insolvent or about to become insolvent,” according to newly appointed administrator Barry Wight, of Cor Cordis.
“We will now commence a full investigation of the financial position of the group,” he said.
Acquire Learning was a super-salesman of vocational education courses funded via the Federal Government’s VET FEE-HELP scheme even though, in its early days, it did not own a training…