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Update on ParaPharm Pty Ltd (trading as Paramount Higher Education)

2 November 2018

Administrators were appointed to ParaPharm Pty Ltd (trading as Paramount Higher Education) on 3 October 2018, due to insufficient resources to continue operations. 

On 4 October 2018, ParaPharm Pty Ltd's administrators advised TEQSA that Paramount Higher Education would cease operations immediately, and that approximately 110 students would be affected by the closure of its higher education operations.

We have been working with the administrators to mitigate any disadvantage to students and to ensure that there are mechanisms in place for students to obtain their academic records.

The administrators have provided TEQSA with some student information and records, and we are in the process of checking this material for currency and completeness.

TEQSA will contact students whose records have been provided by 16 November 2018 to advise how these records can be obtained, including any identity verification requirements.

Students

Students can contact the relevant tuition support agency to explore options that may be available regarding tuition and tuition fees.

FEE-Help students can contact the Commonwealth Department of Education and Training on 1300 259 044 or by email at administrator [at] ta.education.gov.au.

Non FEE-Help students who have paid fees in advance can contact the Australian Council for Private Education and Training (ACPET) on 1800 875 474 or view information on ACPET's tuition assurance website.

Background

TEQSA initially advised stakeholders that we were aware of administrators being appointed to ParaPharm Pty Ltd in a news article posted to our website on 4 October 2018.

ParaPharm Pty Ltd is registered as an Australian higher education provider until 31 December 2019. 

On 15 December 2017 Pragmatic Training Pty Ltd acquired 100 per cent of the issued shares in ParaPharm Pty Ltd.

Information regarding ParaPharm’s registration and accredited courses of study can be viewed on TEQSA’s National Register of Higher Education Providers.