TAG: Finance & Procurement

Modern slavery statements shine a light on a hidden global problem

In 1948, the United Nations adopted the Universal Declaration of Human Rights. This was the first legal document to articulate fundamental human rights that must be protected. Article 4 states that No one shall be held in slavery or servitude: slavery and the slave trade shall be prohibited in all their forms. Despite this declaration, […]

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Credit card

Where should you draw the line? New guidance on the appropriate use of corporate credit cards

Corporate credit cards are a convenient and efficient way for University personnel to manage work‑related expenses, including for travel, entertainment or those other small value purchases that are needed to get the job done. An efficient process intended for essential purchases While it’s an easy and operationally effective way to manage business expenses, it’s not […]

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Wheeling and False Dealing – new penalties

Changing or falsifying financial records to conceal a bribe is now subject to significant penalties under the Australian Criminal Code. From 1 March 2016, anyone who intentionally or recklessly falsifies an accounting document to conceal an illegitimate payment or gift to a public official may be charged for assisting bribery. Penalties can be up to […]

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