11.8 Credit Cards

Statutory GOCs (as opposed to company GOCs) are statutory bodies within the meaning of the FAA Act. As such, statutory GOCs are subject to the provisions of the FAA Act and Financial Management Standard 1997 (external link) (FMS) relating to management of expenses and the General Guidelines for Personal Expenses and the Use of Credit Cards by Public Service Employees, as issued by the Office of Public Service Merit and Equity (see Section 7.16 Credit Cards).

In contrast to statutory GOCs, company GOCs are not subject to all provisions of the FAA Act and FMS. While they are not required to comply with statutory provisions 38-43 of the FMS, which relate to the management of expenses, company GOCs should maintain their own expense management system, including a control system for credit card usage, in acknowledgment of the principles contained in the FMS. This recognises that all GOCs must act with complete probity and accountability.

Last reviewed: 17 July, 2009

Last updated: 22 July, 2009

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