Investors in Top Group shares listed on the HKSE place reliance on approvals provided by TEQSA's Nick Saunders & NSW LPAB's Tom Bathurst : Approvals continue to be provided despite suspension of enrolments in the LLB course, and collapse in market cap

 by Ganesh Sahathevan 

The following which has been  extracted from Top Education Group Ltd's 2020 Annual Report filed at the Hong Kong Stock Exchange is part of the body of publicly available information that investors in Top Education shares rely on when pricing the shares: 

The Annual Report is silent on the matter of Top suspending enrolments in its undergraduate LLB. TEQSA and the NSW LPAB have also remained silent on the matter. 

As reported previously  the Top Group IPO relied heavily on the NSW LPAB's approvals. Top Group's share price and market price collapsed almost immediately after it was listed on the HKSE, on the strength of approvals granted by the NSW LPAB. The NSW LPAB approval is anomalous, for a private company that is not a university has never ever been granted the privilege of issuing LLB degrees that entitle degree holders admission to practise law in Australia .

The NSW LPAB is chaired by the Chief Justice Of NSW Tom Bathurst, and overseen by the Attorney General NSW, Mark Speakman. Both men have refused to respond to queries on the issue of Top Group's license.

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