As part of the delivery acceleration measures, a proposal to modify cash management arrangements has been approved and is effective as of 1 September. The following thresholds and main changes have now been agreed: Project Cash Advance (PCA) – Account – 16108:
a) Liquidation deadline increased from 1 week to 1 month b) RR only, can approve PCA limit up to $50K c) RR only, can appoint SC as custodian with limit of $5K
Treasurer may suspend cash arrangements if three consecutive red dashboard or related audit observation related.
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