Troubled training provider Vocation has collapsed into voluntary administration, just over 12 months since the company was forced to forfeit $19.6 million in government funding.
The appointment of Ferrier Hodgson as administrators also comes after the training provider entered several trading halts during 2015.
The public-listed company is also subject to three class actions from shareholders, as a result of the rapid decline of its share price, from around $3.35 to just 12 cents.
Ferrier Hodgson partners Peter Gothard, Jim Sarantinos and George Georges were appointed to manage the administration of Vocation Limited and its subsidiaries on Wednesday.
As many as 12,000 vocational education students across the country could be affec…
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