Hi Cherie
I asked our Finance Coordinator about what we do here at Canterbury-Bankstown and she has advised that we still charge bonds. Some time ago they did discuss the introduction of a pre-authorisation system, however as the refund of such bonds may be quite some time later, the option wouldn’t work. There’s a time limit as to how long the pre-authorisation is valid for.
Due to the whole accounting & refund process for bonds being very time consuming, their preference would be no deposits.
The team would be very interested in any outcomes from this post.
Andrea
