Common use of Disposal of Money, Stores or Other Property Clause in Contracts

Disposal of Money, Stores or Other Property. Reporting Requirements The Standing Directions of the Minister for Finance under the Financial Management Xxx 0000 were updated in July 2005. In accordance with these directions the Board/Council must ensure that all cases of suspected or actual theft, arson, irregularity or fraud in connection with the receipt or disposal of money, stores or other property of any kind whatsoever under the control of the Board/Council are notified to the Minister for Finance and the Auditor-General via the Department as follows: In respect of the receipt or disposal of money; If the amount is equal to or exceeds $1,000, this must be reported at the time of the occurrence and an incident report provided within 2 months; or If the amount is less that $1,000, annually for the period 1 July 2008 – 30 June 2009 together with an incident report. In respect of stores or property of any kind: If the value is equal to or exceeds $20,000, this must be reported at the time of the occurrence and an incident report provided within 2 months; or If the value is less than $20,000, annually for the period 1 July 2008 – 30 June 2009 together with an incident report. Accordingly, the Board/Council: must maintain a register of all incidents of suspected or actual theft, arson, irregularity or fraud; and must report to the Department in accordance with the guidelines above. The Department will use this information to: advise the Victorian Skills Commission via its Audit and Risk Committee on the disposal of money, stores or other property by TAFE institutes; and provide an annual consolidated report on the disposal of money, stores or other property to the Minister for Finance and Auditor-General as per section 4.5.4 the Standing Directions of the Minister for Finance (July 2005) under the Financial Management Xxx 0000. Reporting Deadlines As above for incidents exceeding $1,000 in value Annually for incidents less than $1,000 by 30 September 2009. Skills Victoria Contact Executive Director, Skills Policy Development and Coordination (Resources and Facilities Unit)

Disposal of Money, Stores or Other Property. Reporting Requirements The Standing Directions of the Minister for Finance under the Financial Management Xxx Act 0000 were xxxe updated in July 2005. In accordance with these directions the Board/Council must ensure that all cases of suspected or actual theft, arson, irregularity or fraud in connection with the receipt or disposal of money, stores or other property of any kind whatsoever under the control of the Board/Council are notified to the Minister for Finance and the Auditor-General via the Department as follows: In respect of the receipt or disposal of money; • If the amount is equal to or exceeds $1,000, this must be reported at the time of the occurrence and an incident report provided within 2 months; or • If the amount is less that $1,000, annually for the period 1 July 2008 – 30 June 2009 together with an incident report. In respect of stores or property of any kind: • If the value is equal to or exceeds $20,000, this must be reported at the time of the occurrence and an incident report provided within 2 months; or • If the value is less than $20,000, annually for the period 1 July 2008 – 30 June 2009 together with an incident report. Accordingly, the Board/Council: • must maintain a register of all incidents of suspected or actual theft, arson, irregularity or fraud; and • must report to the Department in accordance with the guidelines above. The Department will use this information to: • advise the Victorian Skills Commission via its Audit and Risk Committee on the disposal of money, stores or other property by TAFE institutes; and • provide an annual consolidated report on the disposal of money, stores or other property to the Minister for Finance and Auditor-General as per section 4.5.4 the Standing Directions of the Minister for Finance (July 2005) under the Financial Management Xxx Act 0000. Reporting Xeporting Deadlines As above for incidents exceeding $1,000 in value Annually for incidents less than $1,000 by 30 September 2009. Skills Victoria Contact Executive Director, Skills Policy Development and Coordination (Resources and Facilities Unit)

Disposal of Money, Stores or Other Property. Reporting Requirements The Standing Directions of the Minister for Finance under the Financial Management Xxx 0000 were updated in July 2005. In accordance with these directions the Board/Council must ensure that all cases of suspected or actual theft, arson, irregularity or fraud in connection with the receipt or disposal of money, stores or other property of any kind whatsoever under the control of the Board/Council are notified to the Minister for Finance and the Auditor-General via the Department as follows: In respect of the receipt or disposal of money; • If the amount is equal to or exceeds $1,000, this must be reported at the time of the occurrence and an incident report provided within 2 months; or • If the amount is less that $1,000, annually for the period 1 July 2008 – 30 June 2009 together with an incident report. In respect of stores or property of any kind: • If the value is equal to or exceeds $20,000, this must be reported at the time of the occurrence and an incident report provided within 2 months; or • If the value is less than $20,000, annually for the period 1 July 2008 – 30 June 2009 together with an incident report. Accordingly, the Board/Council: • must maintain a register of all incidents of suspected or actual theft, arson, irregularity or fraud; and • must report to the Department in accordance with the guidelines above. The Department will use this information to: • advise the Victorian Skills Commission via its Audit and Risk Committee on the disposal of money, stores or other property by TAFE institutes; and • provide an annual consolidated report on the disposal of money, stores or other property to the Minister for Finance and Auditor-General as per section 4.5.4 the Standing Directions of the Minister for Finance (July 2005) under the Financial Management Xxx 0000. Reporting Deadlines As above for incidents exceeding $1,000 in value Annually for incidents less than $1,000 by 30 September 2009. Skills Victoria Contact Executive Director, Skills Policy Development and Coordination (Resources and Facilities Unit)