Business with fantastic leverage, page-20

Just sitting in the airport waiting for my flight so thought i would do some more research around the so called industry wide audit. Found this story which is worth reading from the Australian. While it doesn't name Site, it does state that only 19 providers have had payments withheld while been investigated.

http://www.theaustralian.com.au/hig...d/news-story/cd3d5c1d9876fc865e1d75a0e6e40577
From the story.
The federal government has suspended hundreds of millions of dollars in payments to 19 private colleges, as it moves to stamp out widespread rorting of the vocational education loans scheme.
Four top-tier accountancy firms — Deloitte, Ernst & Young, KPMG and McGrathNicol — are carrying out the forensic inquiries as the Department of Education launches its most aggressive action yet against the scandal-plagued sector, which has become a $3 billion drain on the public purse.