A tertiary provider that serves west and south Auckland has gone into liquidation.
Shareholders of Best Pacific Institute of Education, which provides tertiary and youth education programmes, decided the company could no longer continue to trade.
Partners at McGrathNicol have been appointed liquidators.
Courses for 1200 students have been suspended.
The liquidators, William Black and Conor McElhinney, said in a statement they were working closely with the company's directors, the Tertiary Education Commission and NZQA to transfer students to new education providers in the next few weeks.
"We have received full co-operation and support from the directors and our focus is to work with both the TEC and NZQA ... to enable a seamless transition of all students to their new education provider."
Students were being contacted and are being told not to turn up to class in the meantime.