A good expenditure policy helps to ensure an organisation’s spending is in line with its objectives and purpose, and can protect the organisation and its officers. In this episode we talk about what an effective expenditure policy looks like and outline practical steps for organisations to take in developing and implementing these policies.
ROCpod was a monthly podcast created by the Registered Organisations Commission, which is now abolished. The obligations for registered organisations remain unchanged, with the functions transferred to the Fair Work Commission as the regulator from 6 March 2023. If you need further information please contact the Fair Work Commission on 1300 341 665 or email regorgs@fwc.gov.au.
01:08 Why expenditure polices are important
04:10 What should be covered in expenditure polices
08:30 Common problems the regulator has observed
12:33 Personal spending in expenditure polices
ROCpod was the official podcast of the Registered Organisations Commission. It is copyright to the Commonwealth of Australia. The opinions expressed in ROCpod are the opinions of the particular speaker and not necessarily the opinions of the regulator.
This information is general and is not intended to be comprehensive, it is designed to assist in gaining an understanding of the relevant provisions of the legislation, the regulator and its work. The regulator is not able to provide legal or accounting advice.
For further information please see the registered organisations materials on our website or contact us at regorgs@fwc.gov.au.