Saturday, January 16, 2010

Centre Attacks FNPF Decision

www.fijitimes.com - Saturday, January 16, 2010

A PRIVATE educational institution has questioned the Fiji National Provident Fund's failure to forewarn private institutes of its decision to seek additional documents for applications seeking assistance for student tuition fees.

New Zealand Pacific Training Centre (NZPTC) chairman and chief executive officer Subhas Chandra said a forewarning would have allowed them to relook strategies to avoid major business losses.

"Usually at this time every year, enrolment flows.

"But since FNPF's announcement, enrolment has stopped," he said.

"We are trying to get the students in schools and FNPF seems to be working against this."

Mr Chandra said of the 30,000 students who attend their schools Fiji-wide, 15,000 depended on financial assistance from the FNPF.

He said he did not understand FNPF's decision, calling it an unfair one by handing out the same treatment to genuine investors and fly-by-night operators.

He questioned FNPF's demand for their audited financial reports, annual returns and company tax returns.

"Are the relevant tax authorities not capable of doing their job now?" he asked.

Mr Chandra said the incident had turned into a nightmare for parents, students and private institutes.

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