Theft and Losses Sample Clauses

Theft and Losses. Reporting Requirements As Public Agencies, TAFE institutes are required to comply with the Standing Directions of the Minister for Finance under the Financial Management Xxx 0000. In accordance with Direction 4.5.4 Thefts and Losses, 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 2009 – 30 June 2010 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 2009 – 30 June 2010 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 2010. Skills Victoria Contact Executive Director, Skills Policy Development and Coordination (Resources and Facilities Unit)
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Related to Theft and Losses

  • Damage and Loss The insurance applies to damage and loss in accordance with sections 5.3.1–5.3.6 below.

  • Allocations of Profits and Losses Except as otherwise provided in this Agreement, Profits and Losses (and, to the extent necessary, individual items of income, gain or loss or deduction of the Partnership) shall be allocated in a manner such that the Capital Account of each Partner after giving effect to the Special Allocations set forth in Section 5.05 is, as nearly as possible, equal (proportionately) to (i) the distributions that would be made pursuant to Article IV if the Partnership were dissolved, its affairs wound up and its assets sold for cash equal to their Carrying Value, all Partnership liabilities were satisfied (limited with respect to each non-recourse liability to the Carrying Value of the assets securing such liability) and the net assets of the Partnership were distributed to the Partners pursuant to this Agreement, minus (ii) such Partner’s share of Partnership Minimum Gain and Partner Nonrecourse Debt Minimum Gain, computed immediately prior to the hypothetical sale of assets. For purposes of this Article V, each Unvested Unit shall be treated as a Vested Unit. Notwithstanding the foregoing, the General Partner shall make such adjustments to Capital Accounts as it determines in its sole discretion to be appropriate to ensure allocations are made in accordance with a partner’s interest in the Partnership.

  • Allocation of Profits and Losses The Company’s profits and losses shall be allocated to the Member.

  • Allocation of Profits and Losses Distributions Profits/Losses. For financial accounting and tax purposes, the Company's net profits or net losses shall be determined on an annual basis and shall be allocated to the Members in proportion to each Member's relative capital interest in the Company as set forth in Schedule 2 as amended from time to time in accordance with U.S. Department of the Treasury Regulation 1.704-1.

  • Compensation for Damages and Losses Investors of either Contracting Party whose investments suffer losses in the territory of the other Contracting Party owing to war or other armed conflict, revolution, a state of national emergency or revolt, shall be accorded treatment by such other Contracting Party not less favourable than that which the latter Contracting Party accords to its own investors or to investors of any third State as regards restitution, indemnification, compensation or other valuable consideration.

  • Profits and Losses For financial accounting and tax purposes, the Company’s net profits or net losses shall be determined on an annual basis in accordance with the manner determined by the Board. In each year, profits and losses shall be allocated entirely to the Member.

  • Losses After giving effect to the special allocations in Section 3.3 and 3.4 hereof, Losses for any Fiscal Year shall be allocated among the Unit Holders in proportion to Units held.

  • Liability for other losses, damages etc Save and except as expressly provided in this Article, neither Party hereto shall be liable in any manner whatsoever to the other Party in respect of any loss, damage, cost, expense, claims, demands and proceedings relating to or arising out of occurrence or existence of any Force Majeure Event.

  • Compensation for Damages or Losses When investments by investors of either Contracting Party suffer damages or losses owing to war, armed conflict, a state of national emergency, revolt, insurrection, riot or other similar events in the territory of the other Contracting Party, they shall be accorded by the latter Contracting Party a treatment, as regards compensation or other settlement, not less favourable than that accorded to its own investors or to investors of any Third State.

  • Compensate us for loss damage You will compensate us and hold us harmless against any loss, damage, liability, cost and expense (including legal costs) which we may reasonably incur or suffer as a result of or in connection with your card account and/ or this agreement, including without prejudice to the generality of the foregoing:-

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