'TIS the season to be jolly.
Well it was for SmartCity Vocational College workers.
It's not any more though, after the college's administrative company, SC Admin Pty Ltd, went into voluntary liquidation, leaving more than 300 workers around the country jobless just days before Christmas.
Students are also in limbo, unsure where it leaves their studies, although SmartCity's Facebook page says campuses will be reopening on January 23.
In what capacity is unclear, given the director of both SmartCity and now-defunct SC Admin, James Spong, refuses to answer questions.
There are significant reforms coming to the industry and by the looks of this latest saga, they can't come soon enough.
There have been numerous horror stories come out of the vocational education system over the past few years.
Predatory tactics being used by providers looking to maximise their government-funded incomes, students being lumped with significant debts and as this story unfolds, stories of students using courses as a means to satisfy Centrelink requirements only.
We even saw reports the Wolf of Wall Street, Jordan Belfort, was working in the industry in Brisbane.
Whether changes to government funding models led to SC Admin Pty Ltd's downfall or not, the question is - how did the directors not hear the winds of change coming earlier than a fortnight before Christmas?