What is trust accounting?
No Comments Posted on 16/10/14 in Category
For countries (typically New Zealand) where law requires private training establishments to offer protection for student fees paid and other course-related costs. As soon as the student’s fees are deposited with a Trust they are protected. Then as they complete their studies/accommodation etc. the fees are gradually released to the school.
In the unlikely event that the school is unable to provide the booked tuition/accommodation etc. (due to closure, insolvency or course cancellation) the Trust will have the funds available to …
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