Wednesday 19 October 2016 04:40 PM
Intueri granted extension to respond to Australian audits
By Edwin Mitson
Oct. 19 (BusinessDesk) - Intueri Education Group has been granted an extension to respond to audits of its Australian subsidiaries Online Courses Australia and Conwal & Associates by the Australian Skills Quality Authority.
It will now have to respond by Nov 6. The previous deadline was Oct. 21.
Last month the company admitted that audits by the ASQA found that OCA and Conwal weren't compliant with its standards, a move that threatened the viability of the company. The shares slumped 87 percent on the news.
The ASQA has a range of options before it, ranging from a directive to correct areas of non-compliance through to the full cancellation of OCA and Conwal's registrations are registered training organisations.
Intueri also told investors today that the Tertiary Education Commission had completed its audit of the New Zealand College of Massage, with no key findings or recommendations identified.
Shares rose 15.4 percent to 7.5 cents. They've fallen 89.5 percent since the start of the year.