Government ignored tax loophole that helped shonky colleges rip off students

Education Minister Simon Birmingham has again blamed Labor for the VET FEE-HELP fiasco, even though the Coalition was ... — Education Minister Simon Birmingham has again blamed Labor for the VET FEE-HELP fiasco, even though the Coalition was slow to shut down the rorts.

Louise Kennerley

For three years the federal Coalition government ignored a major loophole in the VET FEE-HELP student loan scheme that allowed dodgy private colleges to scam the program and fraudulently enrol students by accessing their tax file numbers.

An Auditor-General’s report on the failed loan scheme, released Tuesday, said that VET FEE-HELP scams cost the taxpayer $1.2 billion in 2014 and 2015 alone, equivalent …

Read the full article at: http://www.afr.com/news/policy/education/government-ignored-tax-loophole-which-helped-shonky-colleges-rip-off-students-20161220-gtequi

Category: Debt HelpBy Insolvency Advisory Accountants December 20, 2016

Government ignored tax loophole that helped shonky colleges rip off students – The Australian Financial Review

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