NSW Legal Profession Admission Board has included Gordon Elkington, promoter of Australia's first listed sex shop Sharon Austen Ltd (ASX:SEX)

by Ganesh Sahathevan





The following has been reported on this blog previously but re-published this week given the revelations of sexual harassment within the legal system.


Sharon Austem Ltd was a dot com era IPO promoted by among others Legal Profession Admission Board member Dr Gordon Elkingtoon.The company collapsed a year or so after its ASX debut in 2000 but information about its IPO is still available in the public domain.The German listed Beate Uhse AG 's 1999 Annual Report (cover above ) is one example.Kate Askew's Dot.bomb is another.

The LPAB   and the AG Mark Speakman SC, have also failed to disclose, at all times,  Elkington's corporate history.which includes the spectacular failure of Sharon Austen Ltd (ASX:SEX), a company in which he was company secretary,and which failed just two years after its IPO and listing. There is much about Dr Elkington that is in the public domain. A search of the Factiva database shows the following:

a)But minority shareholders, former law lecturer cum erotic company (SharonAusten.com) director Dr Gordon Elkington and Adelaide-based Trevin Love, are sick of waiting.
(CBD,Edited By Kate Askew,10 May 2000,Sydney Morning Herald)


b)The shareholder who opposed Futuris' 4-for-1 scrip offer was Dr Gordon Elkington, whom readers of this column would remember as being part of Rob Catto's happy troupe of small-time greenmailers.
(BOURSE SAUCE,Robert Weatherdon,,30 June 1993,The Australian Financial Review,)


c)Another minority shareholder, Dr Gordon Elkington, who has been involved in a number of "greenmail" plays with Mr Catto, said: "There's a group of people out there - and most of them know each other - and they don't like to be ripped off. However, I get the impression that people interested in these things think it's fair."

One of Mr Catto's companies, Super John, owns 333,000 shares, meaning he will make a profit of about $216,000 if the deal is approved. Dr Elkington said he was only a small shareholder.

Dr Elkington said: "One of the important things to learn from this case is that it isn't hard for majority shareholders to get rid of minorities as long as they are reasonable. People that are tarred with the brush of being trouble-makers are really only just standing up for their rights."

One of the most recent greenmail plays involving Mr Catto and Dr Elkington was Southcorp's 1996 takeover of Coldstream Wines. Their status as minority shareholders has been fought over in the courts with a full bench of the Federal Court last month forcing Southcorp to reinstate them to Coldstream's register.
((BOURSE SAUCE,Robert Weatherdon,,30 June 1993,The Australian Financial Review,))

d) Other recent greenmail situations involving Mr Catto include the Texas Utilities takeover of Allgas and Mayne Nickless's bid to take out minorities in Hospital of Australia Investment Fund in 1993.

During the late '80s and early '90s, he was a fly in the ointment in numerous deals, including Pioneer International's attempt to take Ampol private, Mr Kerry Packer's bid for Muswellbrook Energy, Industrial Equity's bid for Top Australia and Westpac's bid for AGC.
(Win For Small Shareholders,By Morgan Mellish,26 April 1999,Sydney Morning Herald)


The LPAB and its officers seem to have determined that the above would remain hidden from public view.Questions put concerning Dr Elkington  to the Chairman of the LPAB, the Chief Justice NSW Thomas Bathurst ,have been met with the customary non-response( the CJ was has had a long and illustrious career as one of this country's leading commercial QCs,and hence the questions).

END 

In 2008 "ASIO shat themselves" over Zhu Minshen; by 2015 he was granted a license to influence Australia's legal establishment, but ASIO ,state and Commonwealth attorneys general seem unconcerned

by Ganesh Sahathevan

                                                          Zhu Minshen & PM Morrison



In his book  Silent Invasion Professor Clive Hamilton says:
In 2008 Zhu Minshen helped organise a 30,000 strong demonstration by Chinese students at the Canberra (2008 Beijing Olympic) torch relay, many of them brandishing Chinese flags.
This was clearly an open challenge to the authority , and in public defiance of, the AFP's directive to Chinese government security that they were not to be involved in the torch relay.

According to Hamilton the Australian Security And Intelligence Organisation (ASIO) reacted in shock.As Hamilton put it:
"ASIO shat themselves".

Despite this open defiance of the law, in  2015 Zhu obtained, via his Top Education Group Ltd the first licence to issue law degrees granted a private company. That license also granted him entry into Australia's legal establishment, allowing him to exercise powers under Australian laws to determine who from his college may or may not be admitted to practise.

TO BE READ WITH

Sunday, September 8, 2019

AG NSW Speakman and senior judicial officers at the LPAB ignored the fact that Zhu Minshen undermined an Australian Federal Police directive

by Ganesh Sahathevan




France 24 reported in 2008:
To minimize the risk of disruption during the torch relay in Canberra, the Australian government has decided not to allow Chinese security in the Olympic torch's path.

In his 2018 book "Silent Invasion" Professor Clive Hamilton reports that Top Education Group's Zhu Minshen organised  students , including students from his Top Education Institute to protest  against Tibetans at the  2008 rally , which counted towards the Top students’ assessment.  Zhu’s Top Institution is “perhaps the only accredited degree program in Australia that counts agitating for a foreign power towards its qualifications.”


Hamilton provides details of Zhu's Communist Party China antecedents and his organisation of the 30,000 strong demonstration by Chinese students at the Canberra torch relay, many of them brandishing Chinese flags.

This was clearly an open challenge to the authority , and in public defiance  of, the AFP's directive to Chinese government security that they were not to be involved in the torch relay. As Hamilton puts is "ASIO shat themselves".

Despite this open defiance of the law that they are meant to defend and uphold the Attorney General NSW Mark Speakman and the other senior judicial officers at the LPAB determined that an exception should  be made to allow Zhu to operate the "first and only" law school in Australia that is not part of a university.

END 

SEE ALSO 

Sunday, September 8, 2019

"The fishy smell around Zhu Minshen's Top Education Institute": Clive Hamilton's "Silent Invasion" raises questions for NSW AG Mark Speakman & the LPAB

by Ganesh Sahathevan




NSW Libs received donations of $44,275 from TOP Education Grosup 

just before after TOP was granted the "first & only" licenset issued a private

 company to award law degrees: AG Speakman and his LPAB refuse to disclose

 all details in the LPAB Annual Reports

In "Silent Invasion"   Professor Clive Hamilton  describes how  Zhu Minshen and his Top Education Institute(and other Chinese entities) interfere  in Australian politics.The section on Zhu and Top begins :
"Few people noticed, but the  fishy smell around Zhu Minshen's Top Education Institute was noticeable a few years before it began wafting from the front pages of the newspaper (such as the AFR in 2013)".

In 2012  the NSW Legal Profession Admission Board , a statutory body chaired by the Chief Justice NSW and under the purview of the Attorney General NSW ,began the process that led to Zhu and his Top Group being granted the "first and only"  license to issue law degrees granted a private  company that is not a university.

The notoriety that Zhu and Top Group had gained since 2013,and especially in 2016 seems to have been ignored in the process of evaluating Zhu's application, despite the very high standards of probity the LPAB ,the Chief Justice and the AG profess for anyone seeking admission to practice in NSW.

In  comparison Hamilton reports that in 2013 the then Labor Minister for Higher  Education, Kim Carr, rejected Zhu and Top's application for access to a streamlined visa program on the grounds that Top's students were coming to Australia to work, not study.

Additionally Zhu has been granted the privileges of being part of the NSW and Australian legal establishment despite Zhu's part in organizing what Hamilton describes as "menacing and at times violent mass demonstrations by foreign students" in 2008.
This elevation is in clear breach of the LPAB, the Chief Justice and the AG's own standards of behavior expected of anyone seeking admission to the legal profession in NSW and Australia; under those standards even persistent complaints via email are regarded threatening and intimidating. The AG himself has deemed that merely questioning his person about entities under his purview is behavior that is threatening and intimidatory. 


That Speakmnan was not AG when Zhu and Top were first granted their LPAB approvals is irrelevant for the approvals are reviewed at regular intervals; a recent review ( which was kept confidential) seems to have had an impact on Top's share price.

Hamilton has simply compiled what is in the public domain.The AG and his officers on the other hand remain determined to remain silent on even their failure to disclose fully the  LPAB's dealings with  Zhu and Top Group in the LPAB's annual reports which the AG tables in parliament.
END 

Sam Dastiyari of Top Group & Zhu Minshen fame calls for public inquiry into foreign influence in politics: Will NSW AG Speakman & NSW LPAB Chairman Tom Bathurst CJ ought to lead the way.......

by Ganesh Sahathevan




NSW Libs received donations of $44,275 from TOP Education Group just before after TOP was granted the "first & only" license issued a private company to award law degrees: AG Speakman and his LPAB refuse to disclose all details in the LPAB Annual Reports

From The Age, 27 June 2020, quoting Sam Dastirayi:

"We have to have a process in place and frankly you need to have some kind of a large public judicial inquiry to get to the bottom of what actually is foreign influence in Australian politics," he said.

"A lot of these are being conducted by agencies, like [Australian Security Intelligence Organisation] ASIO and ... others, has to happen behind closed doors because of the nature of those kinds of things.

"We need to have a large, public inquiry, be that a royal commission or a commission of inquiry, [to] shine some light on this and get to the bottom of it because I think this is very serious."

"Look, what happened to me in my career a few years ago really should have been a canary in the coalmine when it comes to foreign influence and these kinds of pressures," 

"The question you have to ask yourself is - are you using them or are they using you? And it's become very, very clear, and my case demonstrated this, is that they are using you.

Dastiyari is best known for his dealings with Zhu Minshen, whose Top Group is the the first and only private company in Australia  granted a license to issue law degrees. The issuing authority, the NSW LPAB, which is chaired by the Chief Justice NSW Tom Bathurst and overseen by the AG NSW Mark Speakman have refused to say why they favoured Zhu. They have also failed to make full disclosure of their dealings with Zhu in the NSW LPAB Annual Reports that are tabled in the NSW Parlliament.

TO BE READ WITH 

Wednesday, December 25, 2019

“perhaps the only accredited degree program in Australia that counts agitating for a foreign power towards its qualifications": Why the Law Soc Australia & NSW LPAB's business with Zhu Minshen is a matter of national security

by Ganesh Sahathevan

NSW Libs received donations of $44,275 from TOP Education Grosup 

just before after TOP was granted the "first & only" licenset issued a private

 company to award law degrees: AG Speakman and his LPAB refuse to disclose

 all details in the LPAB Annual Reports.

The progressive Left leaning Sydney Morning Herald reported in August this year:

Chinese international students now dominate campus politics at the University of Sydney, which has long been a breeding ground for political luminaries including Gough Whitlam, Tony Abbott and Malcolm Turnbull.

Today, the presidencies of the student representative council (SRC) and the Sydney University Postgraduate Representative Association (SUPRA) are both held by candidates from Chinese international student blocs as are about half of the elected positions on student union boards

As recently as 2015, international students were scarcely involved in campus politics but that changed in 2016 with the election of Yifan "Koko" Kong, the first Chinese international student to win a seat on the student union board.

That ended the lock domestic students aligned with Labor, the Liberals and the Greens have held on campus for decades.
In blunt terms a bastion of whiteness has fallen swiftly. The fall can be attributed to a Vice Chancellor who was determined to see his university become more "diverse". 

Meanwhile, the Law Council Australia and the NSW Legal Profession Admission Board, which is chaired by the Chief Justice Of NSW, Tom Bathurst, made history by authorising a private company to grant law degrees; that company happens to be listed in Hong Kong and has strong links to the Communist Party Of China.As reported by this writer: 

Zhu Minshen's new Chinese website says the Law Council of Australia "officially approved" Top Education Institute's application to issue law degrees

Zhu's teaching methods are unique. In his 2018 book "Silent Invasion" Professor Clive Hamilton reports that Top Education Group's Zhu Minshen organised students , including students from his Top Education Institute to protest against Tibetans at the 2008 Olympic Torch rally, which counted towards the Top students’ assessment.As he puts it, Zhu’s Top Institution is “perhaps the only accredited degree program in Australia that counts agitating for a foreign power towards its qualifications.”

Zhu's law school will soon be producing LLB graduates who will qualify for admission to practise law in NSW and in Australia. As members of the various law societies they can, like the Chinese students at Sydney University gather sufficient support to control the leadership of those societies. 

The conduct of the Law Council Australia and the NSW LPAB in the matter of Zhu Minshen has obvious national security implications that require immediate investigation. The recent introduction of foreign interference laws makes that requirement mandatory, if the objectives of those laws are to be achieved. 


END

SEE

Chinese students dominate the cradle of Australian politics
By Nick BonyhadyAugust 12, 2019 — 12.00am
AAA
Chinese international students now dominate campus politics at the University of Sydney, which has long been a breeding ground for political luminaries including Gough Whitlam, Tony Abbott and Malcolm Turnbull.
Today, the presidencies of the student representative council (SRC) and the Sydney University Postgraduate Representative Association (SUPRA) are both held by candidates from Chinese international student blocs as are about half of the elected positions on student union boards.

Amid concerns about Chinese government influence in Australia and ongoing protests in Hong Kong, As recently as 2015, international students were scarcely involved in campus politics but that changed in 2016 with the election of Yifan "Koko" Kong, the first Chinese international student to win a seat on the student union board.

That ended the lock domestic students aligned with Labor, the Liberals and the Greens have held on campus for decades.
And it mirrors broader trends at Sydney University, where international student numbers have more than doubled since 2012. Those students, a majority of whom are Chinese, constitute about a third of the student population and pay tens of millions of dollars a year to the university on which it increasingly depends on.
The largest international student faction on campus is Panda, which is more conservative. It prioritises delivering services to students, wants cheaper transport for international students and generally mistrusts activism. Advance, its more progressive opponent, is more activist, with members decrying racism, opposing the Ramsay Centre for Western Civilisation and fighting for abortion access.
Such is the rancour between factions on campus, including Advance and Panda as well as domestic student groups, that the August SRC council meeting was cancelled because council staff deemed the level of hostility between all sides "unsafe", according to student newspaper Honi Soit.
Michael Rees, a former student union president, said there was a positive side to the division because it showed international students' diversity.
"There is this view that international Chinese students are a homogenous political community and it’s just so so wrong," Mr Rees said.
And a university spokeswoman said it was pleased to see international students getting involved.
"We have a strong history of political debate, activism and advocacy in our student body, and it’s encouraging to see this tradition extending to our international students to ensure our representative bodies are as diverse as our student population," the spokeswoman said.
SRC president Jacky He, a Panda leader who is from China but has permanent residency in Australia, said disagreements between his group and the more progressive Advance bloc were like clashes between different Labor factions.Mr He's chief antagonist is Decheng Sun, honorary secretary of the student union and an Advance leader. When Panda aligned itself with a Liberal faction on campus, Mr Sun said he "couldn't accept it because it was not my ideology."

On the question of democracy in Hong Kong that has rocked other campuses, leading to physical clashes at the University of Queensland and the intimidation of at least one pro-democracy protester via threats to his family in China, both Mr Sun and Mr He are cagey.
Mr He said he could not "express any opinion on any of these things" and could not say how other Panda supporters would think about the issue while Mr Sun said he would "encourage representatives from my faction to vote upon their conscience. People have arguments on both sides, so it's complex."
Other Chinese students take a different approach.
Weihong Liang, who served two terms as SUPRA president until resigning in July when he graduated to take a job in China, is a member of the Chinese Communist Party. He said being a party member was common in China and did not mean he was a representative of the government.
"It does not mean all party members are leaders of the communist party, it just means [they are a] party member," Mr Liang said.
Nick Bonyhady
Nick is a journalist for The Sydney Morning Herald. 

"You know how Labor left and Labor right can't really stand each other. They're still all Labor but you can't figure out why they can't stand each other?" Mr He said. "Sometimes it's like this."Chinese student leaders at the University of Sydney are divided over issues of how progressive or conservative their peers should be in Australia. 

SEE ALSO

TEQSA's Nicholas Saunders granted Zhu Minshen's Top Group self accreditation rights despite Zhu granting academic credits for defying an AFP directive

Australia's decision to allow a Communist Party China linked school to produce lawyers who can practise in Australian courts is a world first: Scrutiny of senior judicial officers under Australia's foreign interference rules unavoidable, as would be scrutiny by agencies in the US,UK

.

ASIO raided NSW Labor MP Shaoquett Moselmane but ignoring the NSW legal establishments dealings with Zhu Minshen: Zhu can influence legal policy, has strong CPC links, works closely with iFlytek in Australia, has defied AFP and ASIO directives and the information is all in the public domain

by Ganesh Sahathevan

From left to right :Prof Eugene Clark, Hon George Brandis, 

Dr Minshen Zhu

As reported by The Guardian and others:

The Australian spy agency Asio has raided the Sydney home of the New South Wales upper house Labor MP Shaoquett Moselmane, searching for evidence to support allegations of a Chinese government plot to influence a serving politician.

The controversial MP has been a strong supporter of China publicly and has come under scrutiny for his recent praise of China’s handling of the coronavirus pandemic.

Meanwhile ASIO seems happy to ignore the matter of Zhu Minshen and Top Group, despite all that is available in the public domain: 

Zhu Minshen announces that NSW LPAB review "went smoothly": AG NSW Mark Speakman and officers unconcerned by Clive Hamilton's disclosures of threats, intimidation and defiance of AFP directives ,share price collapse

NSW Law Society as an independent, strong, objective voice for Beijing friendly policies:Implications of the NSW LPAB granting a Communist Party China ,United Front linked company a license to create China based NSW admitted lawyers

TO BE READ WITH 

Thursday, January 23, 2020

Zhu Minshen & Top Group's business partner iFlytek blacklisted by the US Gov for human rights violations:NSW LPAB and Law Council Australia continue to supervise Zhu & Top's activities

by Ganesh Sahathevan

China’s AI champion iFlyTek brushes off US entity list inclusion with bullish profit forecast

In October 2019 Reuters reported that the China's iFlytek had been blacklisted by the US Government for "human rights violations and abuses in the implementation of China’s campaign of repression, mass arbitrary detention, and high-technology surveillance against Uighurs, Kazakhs, and other members of Muslim minority groups.”


The blacklisting " bars the firms from buying components from U.S. companies without U.S. government approval."

In August 2019 this writer reported that Liberal & Labor donor Minshen Zhu's Top Group had entered into a commercial agreement with iFlytek (see story below).

Despite the above, Top Group and Zhu Minshen continue to remain part of the New South Wales and Australian legal establishment as a result of the NSW LPAB and Law Society Australia granting Zhu the"first and only" right to issue LLB degrees issued a private company which is not a university. With that right comes duties and obligations conferred pursuant to Australian laws that can be used to determine who may or may not practise law in Australia, even after degrees have been conferred. 

Being under the patronage and supervision of the NSW LPAB, which is chaired by the Chief Justice Of NSW Tom Bathurst, and the Law Council of Australia provides Zhu and his Top Group a high degree of credibility and status in Australia, regardless of what anyone might think of the iFlytek MOU. 

The NSW LPAB, the Law Council and the Chief Justice have all chosen to ignore the growing number of questions about their dealings with Zhu Minshen and Top Group.

END 

Wednesday, August 28, 2019

Liberal & Labor donor Minshen Zhu's Top Group will fund business with China's iFlytek using Commonwealth of Australia FEE HELP funding: iFlytek is being considered for blacklisting in the US, like Huwaei

by Ganesh Sahathevan 

A few other Australians can be spotted in footage of the event, which was attended by Xi Jinping and Politburo Standing Committee Member Wang Yang. Here is Zhu Minshen, who famously paid Sam Dastyari's travel bill, shaking hands with Papa Xi 4/-Alex Joske

@alexjoske

3:59 PM · May 31, 2019·

China-HK protest on Australian campuses but not at Minshen Zhu controlled campuses-Are legal profession admission rules being used (again ) to suppress complaints and protests

The Sydney based Hong Kong listed Top Education Group Ltd,which is funded in part by Australian Commonwealth Government FEE HELP   courtesy of among other things the "first and only"license granted a private entity to issue LLB degrees, informed the Hong Stock Exchange  yesterday that Top had entered into a MOU with two Chinese state supported companies, iFlytek, and its associated company , Jingle Magic:  




The board (the “Board”) of directors (the “Directors”) of the Company is pleased to announce that,  on 21 August 2019, the Company signed a memorandum of understanding (the “MoU”) on the potential cooperation of the international educational artificial intelligence project with iFlytek Co Ltd. (“iFLYTEK”) and Jingle Magic (Beijing) Technology Co., Ltd. (“Jingle Magic”). Pursuant to MoU, TOP will introduce smart classroom products and related educational artificial intelligence product systems and services from iFLYTEK and Jingle Magic, and iFLYTEK and Jingle Magic will assist TOP in evaluating the smart campus plan, work out an executable plan by leveraging the strengths of iFLYTEK and Jingle Magic, and help TOP complete the development of smart campus. 

The Board believes that this cooperation will take full advantage of the technological strength of iFLYTEK and Jingle Magic in artificial intelligence and assist TOP to achieve 2 its own strategic goals and build Australia's first higher education institute with full coverage of artificial intelligence, which will become one of the symbols for the integrating education with industrial production. It is also a demonstration base of an overseas joint smart campus for iFLYTEK and Jingle Magic. The extension coverage of the artificial intelligence higher education will extend to TOP’s possible expansion targets and related cooperative teaching platforms in China.



In July tis year the  South China Morning Post detailed iFlytek links with the Chinese Government:

iFlytek’s focus on AI technology and its state support has put the company at the forefront of the tech war being waged between the US and China, with Washington deliberating whether to add iFlytek to a blacklist that would bar it from purchasing US components or software without US government approval, Bloomberg reported in May citing a person familiar with the matter.

“Huawei and iFlytek are very similar in DNA. Both are the kind of companies persistent enough to take 10 years to sharpen one sword,” Hu Yu, who takes the title of rotating president of iFlytek, said at an public event in May.

This deal further confirms the Communist Party China links of Top Group's CEO and major shareholder, Minshen Zhu.

It raises further questions about the approvals provided him by the AG NSW Mark Speakman, whose portfolio included security.
END 

Enterprises
China’s voice recognition champion iFlytek gets US$407 million funding boost from state investors

Company to invest 2.05 billion yuan in its AI speech platform, with 1.18 billion yuan coming from proceeds of the private placementSarah Dai


Published: 11:48am, 17 Jul, 2019


iFlytek, China’s national champion in voice recognition, has raised 2.8 billion yuan (US$407 million) via a private placement that brought in money from a state-backed industry fund and several provincial government funds.


The Shenzhen-listed company will use the proceeds to bankroll research in open platforms for smart speech, so-called next generation cognitive technology, and service robots, it said in a stock exchange filing on Wednesday.


The placement has pulled in investors including Anhui Development Investment Company, Anhui Railway Development Fund, Anhui Smart Voice and Artificial Intelligence Venture Capital, as well as an investment fund for state-owned companies under government-controlled investment vehicle China Reform Holdings.


Founded in 1999 and headquartered in Hefei, the capital of the eastern Chinese province of Anhui, iFlytek has established itself as the country’s foremost developer of advanced speech recognition, speech evaluation and natural language processing technologies.





In 2017 the company was handpicked by the Chinese government to spearhead the country’s development in voice intelligence and take the lead in building an “open innovation platform”.


The firm’s AI speech open platform is expected to be the biggest beneficiary of the new funds as iFlytek intends to invest 2.05 billion yuan in that project, with 1.18 billion yuan the amount coming from proceeds of the private placement.


iFlytek’s focus on AI technology and its state support has put the company at the forefront of the tech war being waged between the US and China, with Washington deliberating whether to add iFlytek to a blacklist that would bar it from purchasing US components or software without US government approval, Bloomberg reported in May citing a person familiar with the matter.


“Huawei and iFlytek are very similar in DNA. Both are the kind of companies persistent enough to take 10 years to sharpen one sword,” Hu Yu, who takes the title of rotating president of iFlytek, said at an public event in May.


Huawei Technologies, China’s telecoms national champion, was put on the blacklist in May although US President Donald Trump softened that stance after talks with Xi Jinping at the G20 summit in June.


China Asset Management and Harvest Fund Management, the country’s two top mutual funds, also backed the iFlytek offering, according to the filing. The new investors have a one year lock up period and cannot sell their shares until July 18 next year.

SEE ALSO 

The reports below from Hong Kong' s AA Stock Financial News quote Top Education Institute's Minshen Zhu informing investors in Hong Kong that he expects to increase fees at Top by 5-10% per annum.

Top also expects  local Australian students to constitute 30% of its student population and this will provide Top with a steady Commonwealth funded cashflow for Top has been granted access to Commonwealth funding, in the form of Commonwealth student fee assistance.

The Commonwealth Department Of Education has made clear to this writer, in response to queries, that it will not object to private colleges charging any amount in fees; the Department considers only the decision by students to bear  the debt to the Commonwealth to be  of relevance.

However, despite the guaranteed Government funded cashflow Top's annual operating cash flows are barely positive,and profit margins have been declining.

(See Bloomberg data https://www.bloomberg.com/quote/1752:HK?in_source=DirectQuote)

Approvals from the Chairman TEQSA,Nick Saunders  and the LPAB NSW,which is overseen by the AG NSW  and chaired by Chief Justice of the Supreme Court NSW  are critical to Top's business success. Both have refused to answer queries regarding TOP.

The AG's evasion is particularly troubling for he and his LPAB can and have  used  Rule 19  of the Legal Profession Uniform Admission Rules 2015    under the Legal Profession Uniform Law to discredit any complaint from law students enrolled at law schools in NSW, and it particular private law colleges. The story below from The Australian 17 January 2019 provides an example.Documents provided readers will show that the background to what was reported in The Australian was a series of complaints and stories about another private college, the College Of Law Sydney,

 As with the College of Law, the AG and his LPAB appear not to have taken any action against Top with regards the issues raised in this story in 2016. 

'Internships' at PwC advertised by Top Education Institute for thousands of dollars

End 

See also 

TOP Education Institute's Bachelor of Laws : Political donations,HK Stock Exchange IPO seem to have left regulators confounded, speechless