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Private Computer Training Company in Liquidation


author:Edusearch

Private Computer Training Company in Liquidation


Christchurch and Auckland, was put into liquidation in the High Court at Wellington this week owing more than $8.3 million in tax, penalties and interest. .

Computer Power has has about 750 students including about 150 international students and runs campuses in Auckland, Wellington and Christchurch.

The liquidator John Fisk said that the institute's future would be cleare when they had talked to government and possible purchasers.On February 20th Immigration New Zealand

suspended processing visas for international students to attend the institute after learning there were doubts about its financial viability.

Most of the tax debt was from unpaid PAYE and GST, but included KiwiSaver employee deductions of $166,040 and KiwiSaver employer contributions of $19,795.

EduSearch.co.nz 2012