GFS Equipment Bond

GFS Equipment Bond

$110.00
Speedtype GFS1001
Account 1483
Class 00000
GST Applicable N
Student Number
Qty
Wishlist

AVOID LENGTHY DELAYS IN PROCESSING YOUR BOND: Ensure you put your student number in when prompted, (including the small 's') that preceeds the number. eg s1234567

BOND

As a precaution against theft, loss and damage to equipment, Griffith Film School requires all students to deposit a $110 bond against equipment related expenses. At the end of a student's studies, the bond can be re-claimed during week 14 of each trimester. However, if any repairs or replacement costs have been incurred outside of normal operational expectations, the collective student bond pool will be drawn upon to cover the expense. Student(s) directly responsible for loss or damage will cover at least the first $500 of the costs. 
 
Example:  There are 50 students enrolled in 2nd year doing an Animation Stop Motion subject. The $110 bond from the 50 students is pooled against damage or theft of equipment:  50 x $110 = $5500.  If a 2nd year student doing the Stop Motion subject drops a camera and causes $1500 worth of damage, the student (or the group they are doing the assessment with) will pay the first $500, and the remaining  $1000 will be taken from the pool leaving $4500.  Providing this is the only damage that happens during the course of the students’ study, the 50 students will receive $90.00 refund at the end of their studies.
 
PLEASE NOTE: The BOND will become non-refundable 6 years after the last enrolment with GFS.