Insolvency profession facing seismic shift as vital skills come under threat – Herald Scotland

SCOTLANDs accountancy profession is facing a shortage of insolvency practitioners, with more than half set to retire, potentially hampering the future provision of insolvency assistance. Donald McNaught, a restructuring partner at Johnston Carmichael, and chair of the Institute of Chartered Accountants Scotland (ICAS)s insolvency committee said his own calculations indicate that 55 per cent of…

Schools using Gonski for debt relief – The Educator

Cash-strapped schools are using needs-based Gonski funding money to pay off outstanding debts. The revelations, contained in documents obtained by The Age, followed reports that one-in-four Victorian schools were in deficit and principals were struggling to balance their books.   Victorian Principals Association (VPA) president, Gabrielle Leigh, told The Educator that it was a tragic…