Australian Careers Network in strife on two fronts as funding pulled
Two separate training businesses operated by ASX-listed Australian Careers Networks are in serious strife with authorities, as the group finds itself in a position with eerie similarities to ailing rival Vocation.
ACN subsidiary Australian Management Academy, which runs courses in warehousing, food processing and early childhood education, has had its funding stripped by the Victorian government following an independent review that discovered a number of quality-related issues including non-compliance with the terms of its funding contract.
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