‘Sucked dry’: How a private school fell into financial ruin - The Age

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.

Wittmer defended the annual payments of $520,000 as fair recompense for capital he provided to the school in its early years. The recently renamed Colmont School was last week placed into administra… [+6350 chars]

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