School Handbook

Finance

School Handbook

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School Accounts

Annual tuition and boarding fees are payable in four instalments, each instalment being one quarter of the annual fee. Fee instalments are due and payable on the first day of each term.

New boys entering the School will be required to pay each fee instalment one term in advance. Accordingly, fees for Term One 2008 are due and payable at the start of Term Four 2007 with Term Two 2008 due at the start of Term One 2008 etc. No fee will be payable for the last term of the boy's attendance - typically the fourth term in Year 12. For further information contact the School Bursar.

A boy may not begin another term if the fee instalment for the preceding term remains unpaid fourteen days before the new term is to commence. Any concession will be forfeited if payment is not made within 14 days from the start of a term. A further charge will apply to each account not paid by the due date. The College Council has set that charge at $55 including GST for each and every reminder account mailed.

Remission of fees because of absence due to illness or for any other cause will be made only in exceptional circumstances at the discretion of the College Council.

For overseas students the annual fee must be paid at the start of the year except by special arrangement with the Headmaster.

There are three ways in which fees can be paid:

1. Bill Pay or BPay - telephone and Internet banking

2. Direct Debit - debiting your nominated bank account

3. Paying by cheque - Cheques should be made payable to 'Scotch College' and crossed 'not negotiable'.

Note: Receipts will not be issued unless requested.

Parents may choose to pay the annual fee at the start of a year. In such cases a rebate for early payment will be credited to their account at the end of the school year.

Enquiries on all matters concerning fees should be directed to the Bursar by mail or by telephoning (08) 9384 1466. The College Council is always prepared to negotiate with parents if financial difficulties arise, and to consider a proposal to defer payment for a reasonable period. Applications for deferment of fees should be made at the beginning of the term to which the account relates.

Goods & Services Tax

Educational courses which form part of the School curriculum and course materials are GST free. Items sold to parents and hire fees will attract GST and where applicable extra charges will show this. Uniforms, for example, will be sold at a price that includes GST.

Advice indicates that Boarding fees are also free of GST. However if GST is determined to apply to the meal proportion of boarding fees this will be charged in addition to the published boarding fee and shown separately on each fee statement.

Extras such as pharmaceuticals, recreational activities and dry cleaning charges to boarders include GST.

The items which attract GST and the tax paid will be shown on each term fee statement which is a "Tax Invoice". The School ABN Number is 21 144 950 591.

Forward Fees Programme

Under the School's Forward Fees Programme tuition and boarding fees may be paid in advance for any number of future years provided that payment must be lodged at least 12 months in advance.

For more information or an application form, contact the College Bursar.

Change: Arrangements

A term's notice in writing must be given to the Admissions Office prior to the removal of a pupil from the School. In default of such notice, one quarter of the annual fee is payable.

Boarders are expected to remain as boarders for the full year. Applications for boarders to become day boys during the year will only be approved in exceptional circumstances. Parents wishing to change the status of a boarder to a day boy must give a term's notice in writing to the Admissions Office. In default of such notice a quarter of the annual boarding fee is payable.

Except where a boy has completed Year 12 it will be presumed that he will be returning to the School the following year unless notice in writing is given by the 31st December. If a boy is withdrawn or does not return the following year or changes from a boarder to a day boy without the proper notice being given, a quarter of the annual fee will be payable and (in the case of withdrawal or failure to return the following year) where an Endowment Fee has been paid, the Endowment Fee will be forfeited.

School Finances

The College is a body corporate, incorporated under the provisions of the Uniting Church in Australia Act 1976 and is managed financially by the College Council. The accounts are audited each year in accordance with its constitution.

The College does not pay levies to any Church authorities, nor does it receive any subsidies from them. However, the College does contribute a modest sum annually to assist in financing the Uniting Church Education Committee. Capital Expenditure for improvements and new buildings is funded from gifts to the School Building Fund, or from depreciation provisions and surpluses generated in recurrent operations (See Scotch College (WA) Foundation).