ATOs would indeed be fortunate having a queue at their door.
Any reputable ATO will be taking reasonable staged payments; so to generate that income, the next phase of training is about to occur.
The only way to improve accountability is by legislation. That is only achieved by lobbying your MPs / Lawmakers, as the present arrangements are only concerned with the Training, not the financial aspects.
Eventually the lack of funding can severely impact the business model which in turn causes the Training to suffer.
It is only at this point that a Regulator calls STOP. Seacoats at Lydd in the 1990s were told by the UK CAA to stop taking new customers until they sorted themselves out. Cash flow became even less, and they ceased trading. A few refugees ended up at PIK with BAeFC.
Invariably, the ATO has already stopped due to insolvency or lack of cash flow. Fraudulent trading is never easy to prove, and needs to be blatant for the Authorities to take an interest.
Thinking back to 9/11, heavy indebted companies simply had the plug pulled overnight by the Bank. Cut their losses now.
GILLAIR at NCL being an instant STOP.
The reason for ‘middle men’ and others etc referred to in your last sentence, is caused by gullible, naive, desperate, Junior Birdmen wanting to get ahead of the game.
They clearly didn’t subscribe to PPRuNe.
Last edited by parkfell; 15th Sep 2020 at 09:25.
Reason: syntax