Appointment type
Liquidation
Appointment date
8 February 2017
Appointees
George Georges, John Lindholm
Companies subject to Administration
Australian Careers Institute Pty Ltd ACN 129 234 920
Nexus Institute Pty Ltd ACN 112 916 944
24 Hours Fitness Pty Ltd ACN 080 352 334
Cyberlife Pty Ltd ACN 074 986 897
ACN 162 266 668 Pty Ltd ACN 162 266 668
Cyberfit Pty Ltd ACN 085 356 618
Cyberscene Pty Ltd ACN 074 770 013
The Institute Pty Ltd ACN 129 227 872
(Collectively referred to as the ‘Group’)
All (Administrators Appointed)
Office
Melbourne
Background information
On 8 February 2017, Ferrier Hodgson partners, George Georges and John Lindholm were appointed as joint and several Voluntary Administrators of Australian Careers Institute Pty Ltd and a number of associated entities (the Group) pursuant to a resolution of the Board of Directors.
Unfortunately, a Deed of Company Arrangement (DOCA) proposal has not been received. Therefore, the Administrators regret to advise that operations of the Sage Institute and WYN have ceased in all locations, effective 10 March 2017.
As a consequence, Sage Institute and WYN Institute are no longer taking any more enrolments and with the assistance of ACPET and the Department of Education we are supporting our current students to be placed in other training providers to teach out their current course, or if possible, have their fees re-credited (if they have a VET FEE HELP Loan) or refunded, (if they are a Fee for Service student). Further information for students is outlined in the Closure FAQ document below.
NOTE
If you were studying with the Group, please contact the Independent Tertiary Education Council Australia (formerly the Australian Council of Private Education and Training) on 1300 421 017 between 9:00am to 5:00pm AEST from Monday to Friday, or via email at enquiry@iteca.edu.au.
If you are a creditor, please contact the Liquidators on +61 3 8663 8613.
Communications
Information and circulars for creditors, employees and students of the Australian Careers Institute Pty Ltd.
Nexus Institute Pty Ltd – Creditor Circular – Supplementary s439A Report – 29 March 2017
Australian Careers Institute Pty Ltd and associated entities
Media Release – Australian Careers Institute to close – 8 March 2017
Australian Careers Institute Pty Ltd and associated entities
Section 439A Report to Creditors – The Institute Pty Ltd – 7 March 2017
Australian Careers Institute Pty Ltd and associated entities
Section 439A Report to Creditors – Cyberfit Pty Ltd – 7 March 2017
Australian Careers Institute Pty Ltd and associated entities
Section 439A Report to Creditors –Sage Institute of Education Pty Ltd – 7 March 2017
Australian Careers Institute Pty Ltd and associated entities
Section 439A Report to Creditors – Nexus Pty Ltd – 7 March 2017
Australian Careers Institute Pty Ltd and associated entities
Section 439A Report to Creditors – Cyberscene Pty Ltd – 7 March 2017
Australian Careers Institute Pty Ltd and associated entities
Section 439A Report to Creditors – Cyberlife Pty Ltd – 7 March 2017
Australian Careers Institute Pty Ltd and associated entities
Section 439A Report to Creditors – Australian Careers Institute Pty Ltd – 7 March 2017
Australian Careers Institute Pty Ltd and associated entities Ferrier Hodgson
Section 439A Report to Creditors – 24hr Fitness Pty Ltd – 7 March 2017
Australian Careers Institute Pty Ltd and associated entities Ferrier Hodgson
Notice to Creditors re. Funding Agreement – 22 February 2017
Australian Careers Institute Pty Ltd and associated entities
LKG Loan agreement and email correspondence – 20 February 2017
Australian Careers Institute Pty Ltd and associated entities
Creditor Cirular – The Institute – 10 February 2017
Australian Careers Institute Pty Ltd and associated entities
First Circular to Creditors – 10 February 2017
Australian Careers Institute Pty Ltd and associated entities
Employee Circular – 8 February 2017
Australian Careers Institute Pty Ltd and associated entities
Employee FAQ – 8 February 2017
Australian Careers Institute Pty Ltd and associated entities
Employee Circular – 8 February 2017
Australian Careers Institute Pty Ltd and associated entities
Employee FAQ – 8 February 2017
Australian Careers Institute Pty Ltd and associated entities
Student Update – 10 March 2017
Australian Careers Institute Pty Ltd and associated entities
FAQ for Cancelled and Withdrawn Students – 20 February 2017
Australian Careers Institute Pty Ltd and associated entities
FAQs for Current and Completed Students – 20 February 2017
Australian Careers Institute Pty Ltd and associated entities
Support
ASIC Insolvency material
The Australian Securities & Investments Commission (ASIC) provides resources on insolvency for directors, practitioners, employees, creditors and investors.
Visit the ASIC website to find out more.
Fair Entitlements Guarantee (FEG)
You may be eligible for FEG assistance. General information for claimants can be found here:
https://www.dewr.gov.au/fair-entitlements-guarantee.
Beyond Blue
beyondblue offers some useful resources for people struggling with the emotional impact of financial distress. The beyondblue Support Service provides confidential, one-on-one counselling with a trained mental health professional.
Phone: 1300 22 4636
Lifeline
Lifeline offers phone crisis counselling for people who are experiencing financial and emotional hardship.
Phone: 13 11 14 Australia-wide
Online crisis support chat (7:00pm to 4:00am daily)
Appointee
- John Lindholm
- George Georges
