Following the Federal Government’s crackdown on the vocational education sector, troubled fitness college network the Sage Institute of Fitness has reportedly entered voluntary administration.
The Sydney Morning Herald has reported that administrator Ferrier Hodgson, which has taken over three of Australia’s largest collapsed colleges, Phoenix, the Australian Institute of Professional Education and the Australian Careers Network, has been called into the Sage Institute of Fitness group to put together a deed of company arrangement.
The college, promoted by Biggest Loser star Steve ‘Commando’ Willis, has been dogged by controversy over the past year, paying out large sums for endorsements to Willis while students complained of a lack of basic facilities.
With the Federal Government applying tighter controls on funds paid to vocational training providers, Ferrier Hodgson administrator George Georges told the SMH “there have not been any Federal Government payments since late last year.
“They were meant to be resuming in March, but it has been a number of months and there has been a drying up of cash.”
The college, which is registered with the federal government under the 2000 student Australian Careers…