Staff Loan Policy
- Staff Loans will only be granted by exception. Nobody is automatically entitled to borrowing money from Travel and Sport.
- Staff Loans should be applied for in advance.
- Staff Loan should be authorized by a manager.
- No loan will be granted unless dually applied for and authorized by a manager.
- No expense will be booked, ordered or paid for unless prior application and authorisation is in place.
- The following documents should accompany the loan application:
- Acknowledgement of Debt
- Repayment arrangement
- Authorisation to deduct form Salary
- Documents in no 6) above should be attached to payment request, and be emailed to finance (Mariska) AND HR (Amanda).
- No payment will be done towards private goods / services (including that of spouses) unless the above procedure has been followed.
The following expenses are deemed private use:
- Spouse travel and excursions
- Spouse flight tickets
- Private travel expenses
- Any other goods / services not for normal business