Purpose | To ensure proper management and accounting for all university funds. |
Scope | All campuses excluding Malaysia
All staff
All controlled entities |
Policy Statement | University bank accounts are only to be opened or closed with the approval of the Vice President Finance on recommendation of the Treasurer. Any bank account opened without the required approval will be deemed to be unauthorised and Monash University will not accept any responsibility for any liability that may arise. Persons responsible for opening an unauthorised bank account may also be subject to disciplinary action.
The procedures relating to all Monash University bank accounts must be adhered to. |
Supporting procedures | Bank Accounts
|
Responsibility for implementation | Treasurer
Vice President Finance
Resources & Finance Committee
Monash University Council |
Status | New |
Key Stakeholders | Vice President Finance
Resources & Finance Committee
Monash University Council
Faculties & Departments |
Approval body | Name: Strategy and Resources Committee
Meeting: 01/2008
Date: 07-February-2008
Agenda item: 8.2
|
Endorsement body | Name: Resources & Finance Committee
Meeting: 06/2007
Date: 22-November-2007
Agenda item: 3.2.8
|
Definitions | University Bank Account: a bank account bearing the name of or involving Monash University or any of its faculties, departments, research, controlled entities or other related bodies Bank Account: an account that holds funds within a bank and is subject to additional deposits and withdrawals |
Related legislation | Monash University Act
|
Related policies | Investments |
Related documents | |
Date Effective | 07-February-2008 |
Review Date | 08-June-2009 |
Owner | Treasurer |
Author | Treasurer |
Contact Person | finpol@adm.monash.edu.au
|
