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Policy: Banking and credit facilities

Purpose

To inform staff of the requirements for operating ANU bank accounts and credit facilities.

Overview

This policy informs staff of the requirements for operating ANU bank account and credit facilities.

Scope

This Policy applies across the University.

Policy Statement

Principles

  1. Bank accounts and credit facilities may be established by the University, with the approval of ANU Council or its delegated authority, to receive monies due or for funds administered by the University for University related activities.
  2. A signing authority for an ANU bank account must not be assigned to an individual who holds a financial expenditure delegation in excess of $10,000.
  3. The primary ANU bank account, that is integrated with the ANU Financial Systems and the ANU Bank reconciliation process is operated on the authorization of a single signing authority.
  4. All other ANU Bank accounts require a minimum of 2 signing authorities.
  5. All University bank accounts must be reconciled on a timely basis to the University General Ledger cash balances.

Delegations relevant to this policy

  • 000238: Authority to deal with all matters relating to University bank accounts and credit facilities including the appointment of officers with signing authorities
  • 000239: Exercise signing authority in respect of the University bank accounts and credit facilities

Information

Printable version (PDF)
Title Banking and credit facilities
Document Type Policy
Document Number ANUP_000377
Version 3
Purpose To inform staff of the requirements for operating ANU bank accounts and credit facilities
Audience Staff
Category Administrative
Topic/ SubTopic Finance - Banking
 
Effective Date 4 Mar 2011
Review Date 1 Jan 2014
 
Responsible Officer Chief Financial Officer
Approved By: Vice-Chancellor
Contact Area Finance and Business Services
Authority Public Governance, Performance and Accountability Act 2013

Related Content

Policy
Debt management (receivables)
Receipting
Procedures
ANU cash handling