CEO of Academy of Interactive Entertainment Ltd Vicki De Margheriti, and chairman and CEO of AIE John De Margheriti, at Watson's Canberra Technology Park. Mr De Margheriti was appalled to learn that all non-government training providers must hold a quarter of their expenses in liquid assets. Photo: Jamila Toderas
While innovating will become a challenge for AIE, Mr De Margheriti said the
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A spokesperson for the The Department of Education and Training said providers are required to to retain liquid assets "to ensure they are able to operate in periods of economic downturn and cover unexpected costs without an interruption to course delivery".
"This includes scenarios where the provider is required to return VET fee-help monies to the Commonwealth or students, where an overpayment to the provider has occurred," they said.
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