Australia’s corporate regulator was warned two years ago the-then Kilmore International School was at risk, with high fees being paid to companies controlled by the school’s founder.
Colmont school: how a Kilmore private school fell into financial ruin theage.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theage.com.au Daily Mail and Mail on Sunday newspapers.
Colmont school: how a Kilmore private school fell into financial ruin smh.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from smh.com.au Daily Mail and Mail on Sunday newspapers.
The proposal, understood to involve investors from China, has been rejected by the school’s administrators, who say they have seen no credible offers to save the Kilmore campus.