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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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