Bulletin Board - Review and Comment
Step 1 of 4: Comment on Document
How to make a comment?
1. Use this to open a comment box for your chosen Section, Part, Heading or clause.
2. Type your feedback into the comments box and then click "save comment" button located in the lower-right of the comment box.
3. Do not open more than one comment box at the same time.
4. When you have finished making comments proceed to the next stage by clicking on the "Continue to Step 2" button at the very bottom of this page.
Important Information
During the comment process you are connected to a database. Like internet banking, the session that connects you to the database may time-out due to inactivity. If you do not have JavaScript running you will receive a message to advise you of the length of time before the time-out. If you have JavaScript enabled, the time-out is lengthy and should not cause difficulty, however you should note the following tips to avoid losing your comments or corrupting your entries:
-
DO NOT jump between web pages/applications while logging comments.
-
DO NOT log comments for more than one document at a time. Complete and submit all comments for one document before commenting on another.
-
DO NOT leave your submission half way through. If you need to take a break, submit your current set of comments, take a note of where you up to and return later to make a further submission.
-
DO NOT exit from the interface until you have completed all three stages of the submission process.
-
If you would like a copy of the comments you made via the Bulletin Board, please email policy@rmit.edu.au and specify which document you provided feedback on and a copy of your submission will be emailed to you.
(1) This procedure provides rules for the use of procurement cards (PCards) and credit cards, provided by RMIT for RMIT purposes. These may be referred to collectively as corporate cards (2) Authority for this document is established by the Financial Management Policy. (3) This procedure applies to all cardholders and their managers across the RMIT Group. (4) The type of corporate card issued to a staff member depends on their role and responsibilities. PCards, typically allocated to senior staff supporting a business unit, may have higher credit limits and are intended for business unit expenses rather than individual business-related use. Corporate credit cards, in contrast, are issued to staff to cover business-related expenses incurred in the performance of their duties. (5) The use of corporate cards is restricted to legitimate and reasonable business. (6) Only a full time continuing or fixed-term employee may apply for a corporate card, subject to: (7) Applicants should be able to demonstrate an ongoing need for a corporate card, which is defined by this procedure as more than once in a 6 month period. A corporate card may be cancelled if it remains unused. (8) RMIT cardholders have a responsibility to: (9) The corporate card must be returned immediately when: (10) The maximum credit limit for a corporate card is $10,000 per month, if approved by a relevant financial delegate within the business area. Limits above this, must be approved by the Director of Central Finance Operations. (11) Cardholders must complete a Maintain a Corporate Card form for any change to credit limit adjustments for either type of corporate card, including conversion to a PCard. (12) If a corporate card is either lost or stolen, the cardholder must immediately notify the Commonwealth Bank (CBA) Card Services Centre and Central Finance Operations. (13) When CBA is advised of a lost or stolen corporate card, a report number is allocated, which will be proof of the date and time of the report, and this must be recorded by the cardholder. CBA will place a stop on the card account and arrange for a replacement account to be established and a new corporate card to be forwarded. (14) Prior to cancellation, all transactions must be acquitted in the expense management system. Details of any other transactions that have not yet appeared in the system should be provided to a delegate to complete on the cardholder’s behalf. (15) Periodical direct debit transactions from corporate cards should only be set up in exceptional circumstances. The card holder is responsible for cancelling any purchases that are automatically direct debited from the corporate card on a periodic basis (e.g. subscriptions or memberships for a department and not for individual use). (16) The corporate card must be destroyed by cutting the card in two and a Maintain a Corporate Card form cancelling the card must be submitted to Central Finance Operations. (17) If the cardholder is leaving RMIT, they must acquit all expenditure on their corporate card prior to leaving. (18) Where a transaction appears on the card statement that the cardholder has no record of, or believes that the expense has been charged twice, the merchant must be contacted for clarification and rectification of the charge as appropriate. (19) If the dispute is still not resolved, a CBA Customer Investigation Request must be completed. (20) Any fraudulent transactions must be disputed immediately. (21) Cardholders are responsible for ensuring that disputed transactions are submitted and processed within 30 days of the card statement date in accordance with the bank’s guidelines. (22) The authorising officer is the cardholder’s immediate manager. (23) If the authorising officer does not hold the necessary financial delegation, any approval for card issuance, reinstatement, or limit changes must also be obtained from an appropriate financial delegate within the business area. (24) The authorising officer has a responsibility to: (25) The authorising officer must not ask or permit staff under their supervision to incur expenditure on their behalf that would later require their own approval. This practice, known as self-approval, undermines the ability of the authorising officer’s immediate manager to exercise appropriate oversight and would constitute a breach of the Delegations of Authority Policy. Any instances of self-approval must be immediately reported to the Director Central Finance Operations, who will review the situation and determine the necessary corrective action. (26) A tax invoice must be obtained for all purchases. (27) If a card holder or authorising officer has any doubt as to the correctness of corporate card use, they must contact Central Finance Operations before the transaction is processed. (28) The following is a list of transactions where the corporate card should not be used, unless a prior relevant approval was obtained as listed in the processes below: (29) As an overarching principle, in any business-related meal or entertainment event involving multiple RMIT staff members, the most senior staff member present is required to pay. In all cases, a list of attendees including titles, total number of attendees, and the business purpose of the meeting needs to be provided along with the original receipts in order for the expense to be allowable. (30) Cardholders or their authorised delegates must ensure corporate card acquittal is completed within prescribed timeframes and in accordance with documented processes. (31) The Director Central Finance Operations is responsible for the implementation and maintenance of this procedure, and escalating trends of non-compliance within RMIT. (32) The Director Central Finance Operations has the authority to cancel corporate cards if the cardholder has not followed any aspect of this or another related/relevant policy. (33) The Director Central Finance Operations has authority to periodically review cardholder limits and instruct changes where historical spending patterns do not justify the current limit. (34) The cardholder’s immediate manager is responsible for monitoring compliance with this procedure and escalating non-compliance (after attempts seeking corrective action) to the relevant financial delegate within the business area. Serious breaches should be reported by the financial delegate within the business area to the Director Central Finance Operations. (35) Records related to corporate card transactions must be maintained in accordance with the Privacy Policy and Information Governance Policy.Corporate Card Management Procedure
Section 1 - Purpose
Section 2 - Authority
Section 3 - Scope
Section 4 - Procedure
Eligibility
Cardholder Responsibilities
Credit Limit
Lost/Stolen Cards
Cancelling Cards
Disputed Transactions
Authorising Officer
Transactions
Corporate Card Aquittal
Compliance Monitoring and Review
Records Management
Section 5 - Definitions