(1) QUT may borrow, with the approval of the Treasurer of Queensland, in accordance with Part 5 of the Statutory Bodies Financial Arrangements Act 1982. (2) The principles applying to borrowings are as follows: (3) Borrowings may be approved in the following limited circumstances: (4) The Associate Director, Financial Control has delegated authority to approve access to funds from the QTC Working Capital Loan Facility for up to 30 days and within pre-approved limits. (5) All other borrowings require Council approval following recommendation from Finance and Planning Committee. Such recommendations are to include a detailed business case clearly identifying the benefits of the loan, including a detailed cash flow projection prepared on a discounted cash flow basis. (6) All borrowings are approved within the context of the published University Consolidated Budget and Capital Management Plan. (7) QUT has access to loan arrangements through Government funding programs (e.g. Smart State Research Facilities Fund, State Borrowing Program for Universities) which adhere to the borrowing principles listed above. Specific terms and conditions relating to these loans are available from the Associate Director, Financial Control. (8) The Associate Director, Financial Control ensures that all borrowings are recorded in a central register and that source documents are safeguarded. (9) The Vice-President (Finance) and Chief Financial Officer provides a status report on borrowings as part of the quarterly report to Finance and Planning Committee.Borrowings Policy
Section 1 - Policy Statement
Top of PageSection 2 - Borrowings
Section 3 - State Government Borrowings Program
Section 4 - Records and Reporting
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