The University was established and its development funded
via a joint venture between Bond Corporation in Australia and the Japanese
entity, EIE, at the initiative of Alan Bond, the founder and Chairman of Bond
Corporation. In 1987, the Parliament of Queensland granted it university status
via the passage of the Bond University Act.The University commenced teaching in
May 1989 with an initial intake of 322 students.
In 1991, EIE acquired Bond Corporation's share of the
project and the development lands and the campus were subsequently passed into
the control of a receiver/manager, acting for the principal creditor of EIE.
The campus was acquired by Bond University Ltd in its own
right in August 1998.
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