Careers Australia Ltd is involved in providing private college training to thousands of students across Australia. They keep receiving financial support from the government in terms of student loans which is then passed on to the students who enrol for their class. The company receives this support under the VET-FEE-HELP student loan scheme that is to extent HECS style student loans. The company signs students up and then receives their loan money from the government on presentation of all documents of the students seeking the loan. They enrolled close to 40,000 students between 2013 and 2015, of which half were enrolled for student loan and sought money from the government under the scheme. The Australian Competition and Consumer Comission (ACCC) govern the funds allocation and the deployment. The ACCC is mandated to establish, encourage, sustain, and strengthen the competition among Australian companies and provide best products at affordable rates to the country’s citizens.
The body is also eligible for maintaining a fair trading environment and keeps a good watch of the activities and takes action where it sees any violation. And largely, it is meant to protect the consumers of the country in all their dealings with businesses. To the extent the consumers are always favoured, informed, and warned about their dealings to safeguard themselves. Primarily, consumers are to be protected and become the best prey of businesses when there is less competition in the market. They are doomed to be sucked by the monopoly company, rendering them incapable of any negotiation and trust.