Scope
This policy is aimed at ensuring compliance with the bonding requirements set by The Akidamy.
Audience
This policy is applicable to all families involved in the enrolment process for children at The Akidamy.
Refundable Holding Deposit Requirement
When enrolling children in The Akidamy, a refundable holding deposit will be required by The Akidamy to ensure commitment and fulfillment of a space at the school.
- A waitlist fee of $150 and an enrolment fee of $150 per child is charged upon confirmation of enrolment. These fees must be paid prior to commencement at The Akidamy, along with two weeks fees as we charge two weeks in advance.
- A refundable holding deposit consisting of $500 per child is to be paid to hold a child’s position at The Akidamy. This refundable holding deposit will be taken once the child's enrolment at the school is confirmed.
The refundable holding deposit payment will be refunded to families 3 weeks after the child leaves The Akidamy, if all accounts are paid in full and no amount is outstanding when the child leaves the service. Where any amounts of Child Care Subsidy (CCS) are levied onto The Akidamy for any reason, families will need to cover the cost of these CCS charges in full
or the amount of CCS owing will be taken from the refundable holding deposit. Where a residual amount of the
refundable holding deposit remains (after any CCS deductions) this will be refunded to the family 3 weeks after the enrolment ends. Where CCS has been levied on the school and this amount is not sufficient to be paid from the refundable holding deposit, the shortfall will need to be paid by the family as soon as it becomes due.
Breakdown of costs:
- Waitlist Fee: $150,
- Enrolment Fee: $150
- Two weeks fees in advance payment (i.e. this depent on the number of days your child attend regularly)
- Refundable holding deposit: $500
All children's enrolments must adhere to the specific refundable holding deposit requirements communicated by the school.
Reimbursement Process
The Akidamy will reimburse families for any refundable holding deposit payment made on behalf of a child's enrolment, provided that the family follows the correct reimbursement requirements. This will be paid 3 weeks after the child's cessation date/final day at the school and the account is closed.
Failure to Comply
Failure to comply with the refundable holding deposit requirements set by the school may result in financial penalties or consequences / refusal of a space.
