close
Share with your friends

Appointment details

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
Training classroom

KPMG contacts

Alexandra Askey
aaskey@kpmg.com.au
+61 3 8663 8753

Separator line

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.

Separator line
Separator line
Separator line

Information for creditors

Information and circulars for creditors.

Separator line

ASIC insolvency material

The Australian Securities & Investments Commission provides resources on insolvency for directors, practitioners, employees, creditors and investors.

Separator line

Support

Coping with the emotional impact of financial distress.

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)

Separator line