One thing I'm interested in, are the students creditors? Quite a bit of their tuition will have been forward paid. I doubt the students will have the capacity to refuse to pay the VET LOAN back to the taxpayer via the government, so the government will keep taking the payments? I seriously doubt that any tuition money will be refunded to the students by the administrator. If this is the case, will the class action target the government for charging the student for services not provided?
Maybe there is a day of reckoning coming for VET Student Loans and the aviation sector?
Whist most of you think they are overpriced and a rip off (that can be argued) most of the cost that goes on top of the aircraft hire charges stem from RTO compliance (significant) and actually employing the instructors correctly (award wages, structure of employment etc). It is not cheap to obtain VET Student Loans or RTO status for your organisation, this cost must be passed on, simple fact of business. Ragging organisations for the cost of a pilots license under VET Student Loans verse self funding is simplistic in the extreme.
If VET Student Loans disappear GA will contract significantly, maybe this needs to happen? Add to this the extremely poor trading relationship between China and Australia. China has options, Australia is not the only place cadet training takes place, their GA capacity is expanding significantly. If they walk away, another contraction.
It seems that most Australians seem to think that closing borders is keeping them safe, I wonder what being 'kept safe' will look like when the federal government runs out of patience with state border shutdowns. Tsunami awaits I reckon.