Approved Bank Account and Authorisation Bank Transfer Policy

This policy provides the rules and instructions governing bank accounts an payment authorisation.

This document forms part of the University’s Financial Regulations and compliance by all individuals associated with the University is mandatory and subject to audit. Failure to adhere to these procedures without the appropriate authority may lead to disciplinary action.

The policy includes information on opening and closing bank accounts, bank mandates, payment authorisation and deadlines for payment processing.


Policy last updated: June 2018

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