Richard Colbeck (Tasmania, Liberal Party, Minister for Tourism and International Education) Share this | Hansard source

I thank Senator Carr for his amendments, and I indicate up front that the government will not be supporting them. I think Senator Carr actually belled the cat on his own amendments when he started talking about a business by the name of Vocation that has just gone belly up. The point that he made in talking about that business was that it had no money in the bank. This is one of the problems: it had no money in the bank. That means no money in its designated account, so where is the protection? That is one of the issues with the designated account process. I might add for completeness that Vocation did not have any international students, which is a good thing in this circumstance under this piece of legislation.