Careers Australia Group Limited

25 May 2017  |  ACN: 122 171 840  |  Creditors Voluntary Liquidation

Update

Liquidator’s statutory report

A report in accordance with Insolvency Practice Rule (Corporations) 2016 70-40 has been lodged with the Australian Securities and Investments Commission, issued to creditors of the Group, and attached to the right of this page.

Liquidation

At the second meeting of creditors on 30 June 2017, the creditors voted that all entities in the Group are placed into liquidation.

Employees

All entitlement letters and PAYG summaries have been posted.

Whilst we anticipate the letters to be received shortly, we note Australia Post’s revised protocol for domestic letters has increased to up to six business days.


Notice of second meetings of creditors

The Administrators consider that Meeting One is the appropriate meeting for students and employees (except Workstar employees) to attend.

Meeting One – Concurrent meetings of the creditors of
  • Careers Australia Group Limited  ACN 122 171 840
  • Australian School of Management Pty Ltd ACN 138 545 605
  • Australian College of Applied Education Pty Ltd  ACN 009 369 797
  • Careers Australia Education Institute Pty Ltd  ACN 120 675 505
  • Careers Australia Institute of Training Pty Ltd ACN 122 082 204
Meeting Two – Concurrent meetings of the creditors of
  • Careers Australia College of Healthcare Pty Ltd ACN 007 963 340
  • Careers Australia Institute of English Pty Ltd  ACN 010 994 582
  • Cumulonimbus Investments Pty Ltd ACN169 444 213
  • Global Learning Support Group Pty Ltd ACN 169 155 480
  • Stratocumulus Pty Ltd ACN 611 961 196
  • Today Corp Limited ACN 101 631 485
  • A.C.N. 097 871 933  formerly known as Workstar Pty Ltd
  • (All Administrators Appointed) (the Group)

The Administrators give notice that a copy of the report prepared to creditors (together with notice of meetings) pursuant to Section439A of the Corporations Act 2001 is attached on the right of this page.

Update to students

The Administrators have worked closely with Australian Skills Quality Authority (ASQA) and TAFE Directors Australia (TDA) to agree a format for providing Vocational Education students impacted by the Careers Australia Group collapse with Statements of Attainment to assist them in transitioning to new education providers.

Students are required to pay all outstanding tuition fees before a Statement of Attainment is issued to them.

The Administrators will endeavour to provide a Statement of Attainment to students within 7 days of receipt of the outstanding tuition fees.

For students with fees outstanding, please email CAGDebtors@ppbadvisory.com showing evidence of remittance of funds, reference and amount paid along with your request for your Statement of Attainment.

For students who do not have a debt outstanding, the Administrators are making arrangements to issue a Statement of Attainment to affected students as soon as practicable.

All Statements of Attainment will be in an email format which has been endorsed by Australian Skills Quality Authority (ASQA) and TAFE Directors Australia (TDA).

Nursing sale

Students

We are pleased to announce that we have concluded the sale of the Nursing business to Think Education (Think), part of Laureate International Universities.

Representatives of Think will be contacting relevant students shortly to make arrangements to continue your studies with them.

Employees

We are pleased to announce that we have concluded the sale of the Nursing business to Think Education (Think), part of Laureate International Universities.

As part of the transaction a number of employees will be offered employment on similar terms to that with Careers Australia. Representatives of Think will be contacting relevant employees shortly to make arrangements in this regard.

Trades sale

Students

We are pleased to announce that we have concluded the sale of parts of the Trades division of the Group (specifically CPC30211 Certificate III in Carpentry and CPC30611 Certificate III in Painting and Decorating) to Lynchpin Enterprises Pty Ltd trading as Everthought Education Brisbane South (Everthought).

Representatives of Everthought will be contacting relevant students shortly to make arrangements should you choose to continue your studies with them.

Employees

We are pleased to announce that we have concluded the sale of parts of the Trades division of the Group (specifically CPC30211 Certificate III in Carpentry and CPC30611 Certificate III in Painting and Decorating) to Lynchpin Enterprises Pty Ltd trading as Everthought Education Brisbane South (Everthought).

As part of the transaction certain employees will be offered employment on similar terms to that with Careers Australia. Representatives of Everthought will be contacting relevant employees to make arrangements in this regard.

Notice of first meetings of creditors

Notice is now given that a meeting of the creditors of each company in the Group will be held on Tuesday, 6 June 2017, at 3:00PM AEST at the Brisbane Convention & Exhibition Centre, Cnr Merivale & Glenelg Streets, South Bank, Brisbane, Queensland.

The first report to creditors together with the notice of meetings of creditors pursuant to section 436E(3) of the Corporations Act 2001 (Cth) is attached on the right of this page.

Federal court orders

On 29 May 2017, the Administrators’ obtained orders from the Federal Court of Australia pursuant to section 447A (1) of the Corporations Act 2001 (Cth) permitting the Administrators to give notice of the meetings of creditors under Section 436E (3) of the Act electronically. A copy of the Orders is attached on the right of this page.

Background

Careers Australia Group Limited and its subsidiaries appointed David McEvoy and Martin Ford of PPB Advisory as Administrators effective 25 May 2017.  The appointment was made by the directors pursuant to section 436A of the Corporations Act.

Student enquiries

Please contact TAFE Directors Australia (TDA) to assist you with any enquiries directly relating to you as a student.

TDA operates the Tuition Assurance Scheme for the Group, primarily for VET student loans. Under this arrangement, TDA has offered to assist students to move to another provider to continue their training and access VET student loans.

TDA has set up a call centre in conjunction with TAFE Queensland, where students can call and email their details, and speak to advisers. Students can call (07) 3307 4789.  Students may also email their details including name, contact, course and campus to tas@tda.edu.au.

Further information is available on the TDA website (http://www.tda.edu.au/cb_pages/Information_for_Careers_Australia_Students.php)

Student payments

Ezidebit cancelled all direct debits on 26 May 2017.

Please cancel any direct debits from your personal bank account.

International students

Tuition Protection Servicers (TPS) assists internationals students to continue their study with an alternative provider or provide them with a refund of their unspent tuition fee. Where a student is placed withan alternative provider, the student’s unspent fee is paid to the new provider. TPS  will host a series of student meeting to provide all affected international students with information about your rights and responsibilities and provide placement assistance for you to commence studies with a new provider as soon as possible. Representatives from the Department of Immigration and Border Protection (DIBP) and the Australian Skills Quality Authority (ASQA) will also be available at the meeting for any queries/questions related to Visa, qualifications and student records, etc.

If you have any questions, please contact the TPS Administrator at administrator@a.tps.gov.au or call us on 1300 980 434 or from outside Australia on +61 1300 980 434.

If you have any questions/concerns about your student visa, please contact Department of Immigration and Border Protection for more information on 131 881 or visit their website at www.border.gov.au.

Further details about the meetings venues will be available on the TPS website (https://tps.gov.au/StaticContent/Get/StudentClosures)

Creditor report enquiries

Please contact Link Market Services on 1300 910 051 or careersaustralia@linkmarketservices.com.aufor any queries regarding our first report to creditors (including proof of debt and proxy forms) or creditor meeting. A copy of this report is available to download from the link to the right.

Careers Australia Group Limited and its subsidiaries (All Administrators appointed) (the Group)

Company Name ACN Appointment Date
Careers Australia Group Limited 122 171 840 25 May 2017
Australian School of Management Pty Ltd 138 545 605 25 May 2017
Australian College of Applied Education Pty Ltd 009 369 797 25 May 2017
Careers Australia College of Healthcare Pty Ltd 007 963 340 25 May 2017
Careers Australia Education Institute Pty Ltd 120 675 505 25 May 2017
Careers Australia Institute of English Pty Ltd 010 994 582 25 May 2017
Careers Australia Institute of Training Pty Ltd 122 082 204 25 May 2017
Cumulonimbus Investments Pty Ltd 169 444 213 25 May 2017
Global Learning Support Group Pty Ltd 169 155 480 25 May 2017
Stratocumulus Pty Ltd 611 961 196 26 May 2017
Today Corp Ltd 101 631 485 25 May 2017
A.C.N. 097 871 933  formerly known as Workstar Pty Ltd 097 871 933 25 May 2017

 

  • 30 June 2017

    10:00 am

    Meeting one (see update above)

    Brisbane Convention & Exhibition Centre
    Cnr Merivale & Glenelg Streets
    South Bank, Brisbane, Queensland

  • 30 June 2017

    2:00 pm

    Meeting two (see update above)

    Brisbane Convention & Exhibition Centre
    Cnr Merivale & Glenelg Streets
    South Bank, Brisbane, Queensland