Latest twist in failed SET Solutions linked to David Crisafulli
The training company led by Opposition Leader David Crisafulli almost a decade ago took funding to train students who were not eligible, court documents reveal.
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The training company led by Opposition Leader David Crisafulli almost a decade ago took funding from the Victorian government to train students who were not eligible, court documents reveal.
Questions remain about Mr Crisafulli’s involvement in SET Solutions, where he was sole director between December 1, 2015 and April 1, 2016.
It collapsed in June 2016 owing $3m to creditors.
Court documents seen by The Courier-Mail reveal in June 2016 an Ernst & Young audit found the company had received funding from the Victorian government for a number of students who were not eligible to receive funding.
Court documents noted the company became insolvent when it made payments totalling $471,235 to the Australian Taxation Office between February 25, 2016 and June 30, 2016.
They also revealed Declan Carnes – who a judge labelled a financial cowboy for breaching bank lending policy and was involved the Storm Financial collapse more than a decade ago – offered to purchase half the company for $1m in February 2016.
In March 2016 the company entered into a share sale agreement with Krayem Family Superannuation and the United Muslim Women Association for $700,000 in funding for the company.
Mr Crisafulli, asked at a media conference whether SET Solutions had traded insolvent while he was director, said: “No.”
Pressed again on why he had to pay liquidators $200,000, Mr Crisafulli repeated that he had met his obligation.
Shadow attorney-general Tim Nicholls likened the prosecution of Mr Crisafulli to Labor’s attack on Campbell Newman’s family before his election win in March 2012.
“We saw this in 2011-12 … in the dying days of the decrepit and discredited Bligh Labor government,” Mr Nicholls said.
“It won’t save them.”
On the eve of the 2017 election, Labor’s then education minister Kate Jones attacked Mr Crisafulli for his involvement in SET Solutions, saying he had questions to answer.
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